An insurance policy sels for $600 based on past data an average of 1 in 100 policyholders will file a $20,000 claim, an average of 1 in 200 po cyholders w ea $30 000 cm and an average of 1 in 500 policyholders will he an 550 000 claim find the expected value to the company, per policy sold if the company sels 20 000 policies what is the expected profit or loss? the expected values soy your answer

the expected value= $90

Step-by-step explanation:

when sell is $600 an average of 1 in 100 will claim $20,000

and an average 1 in 200 will claim $30,000

and an average of 1 in 500 will claim $550,000.

company sells 20,000 policies

The expected profit loss can be written as

= 600 - (1/100 * 20000) - (1/200 * 30000) - (1/500 * 80000)

= 600 - 200 - 150 - 160

= 90

Therefore, the expected value= $90

(1,4) is on graph of f(x)

f(1) = 4

so 1/4 f(x)

1/4 f(1)

1/4. ×4

1

so point for function 1/4. f(x) is (1,1)

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98