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Mathematics, 21.06.2019 13:00
Shiny white dental insurance costs $258 per year. approximately one-third of insured people need a filling, which averages $110 each. 80% of insured people get a preventive check-up each year, and the average cost of this visit is $95. if you consider shiny white’s income and expenses, what is the expected value of each insured customer?
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Mathematics, 22.06.2019 06:10
The life, in years, of a certain type of electrical switch has an exponential distribution with an average life b = 2. if 100 of these switches are installed in dif- ferent systems, what is the probability that at most 30 fail during the first year?
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