Mathematics, 28.04.2021 09:10 ericgideon
HELP PLEASE!!
Suppose that you head an insurance company. Your most popular insurance policy has a premium of $600 and a deductible of $1,000. This insurance policy provides your state’s minimum coverage of $30,000 for injury or death to one person, $50,000 for injury or death to two or more people, and $10,000 for damage to property, which is called 30/50/10 coverage.
Assume that, on average, 2 of your 100 customers have an accident every year. One of the accidents causes damage to property and the other causes injury or death to one person. Both drivers file for the maximum claims. After paying the claims, will your company still profit from the premiums collected in a year? Explain your answer.
Answers: 2
Mathematics, 21.06.2019 22:30
In a certain city, the hourly wage of workers on temporary employment contracts is normally distributed. the mean is $15 and the standard deviation is $3. what percentage of temporary workers earn less than $12 per hour? a. 6% b. 16% c. 26% d. 36%
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Charlie tosses five coins.what is the probability that all five coins will land tails up.
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(co 3) the times that customers spend in a book store are normally distributed with a mean of 39.5 minutes and a standard deviation of 9.4 minutes. a random sample of 25 customers has a mean of 36.1 minutes or less. would this outcome be considered unusual, so that the store should reconsider its displays? no, the probability of this outcome at 0.035, would be considered usual, so there is no problem yes, the probability of this outcome at 0.035, would be considered unusual, so the display should be redone no the probability of this outcome at 0.359 would be considered usual, so there is no problem yes, the probability of this outcome at 0.965 would be considered unusual, so the display should be redone
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HELP PLEASE!!
Suppose that you head an insurance company. Your most popular insurance policy has a...
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