Suppose a company charges an annual premium of $475 for a fire insurance policy. In case of a fire claim, the company will pay out an average of $100,000. Based on actuarial studies, it determines that the probability of a fire claim in a year is 0.004. What is the expected annual profit of a fire insurance policy for the company? $

What annual profit can the company expect if it issues 1000 policies?
$

Step-by-step explanation:

1)

the expected annual profit of a fire insurance policy for the company is

475-(100000*0.004)=475-400=75$ of average profit

2)

thus, the expected annual profit of the fire company from 1000 advanced policies is

75*1000=75000$

ian gone lie this got me confused

step-by-step explanation:

a. turk and mcalister

b. howard, mission, and market

c. yes. since streets end some do not cross yet are not parallel to others. example: mcalister and 5th

step-by-step explanation:

parallel lines are lines which do not intersect ever and look a lot like railroad tracks. turk, mcalister and golden gate are examples of these.

intersect are streets which cross each other and a car on one can reach the other. howard, mission, and market intersect with 6th.

skew lines are lines which neither intersect nor are parallel. these lines exist here because some streets end and never intersect another like mcalister and 5th.