Mathematics, 26.03.2021 03:40 chickenwing32
A company offers a flood insurance policy that costs a homeowner $200 per year, and the company will make a payout of $100,000 to the homeowner if they have a flood in that year. The company set this price based on the probability of a flood in the area being 0.001. The table below displays the probability distribution of X=X= the company's profit from one of these policies.
No flood Flood
X=profit $200 -$99,800
P(X) 0.999 0.001
Given that μX=$100, calculate σX.
You may round your answer to the nearest dollar.
Answers: 1
Mathematics, 21.06.2019 20:40, maloynegen7681
Answer pls man im trying to get out of summer school
Answers: 1
Mathematics, 21.06.2019 23:00, fortnite83
Events a and b are independent. the probability of a occurring is 2/5. the probability of b occurring is 1/4. what is p(a and b)?
Answers: 2
A company offers a flood insurance policy that costs a homeowner $200 per year, and the company will...
History, 13.11.2020 03:10
Mathematics, 13.11.2020 03:10
Mathematics, 13.11.2020 03:10
Health, 13.11.2020 03:10
History, 13.11.2020 03:10
Mathematics, 13.11.2020 03:10