3. An insurance policy sells for $720. Based on past data, an average of 1 in 70 policyholders will file a $10,000 claim, an average of 1 in 100 policyholders will file a $20,000 claim, and an average of 1 in 400 policyholders will file a $50,000 claim. (a) What is the expected value to the company per policy sold? (b) What is the expected profit of selling 100,000 policies?

Q: Consider the given raw data 5, 7, 10, 11, 14, 1, 9. Compute D7 * 9.9 O 12.19 O 8.7 1.68

A:

Q: the game of poker 5 cards are drawn from a pack of 52 well-shuffled cards. Find the probability that...

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Q: 7. In a group of 30 people, must at least 3 have been born in the same month? Why?

A: To show that in a group of  30 people, must at least 3 have been born in the same month.  

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A: Here use venn diagram 

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A:

Q: Here are summary statistics for the weights of Pepsi in randomly selected cans: n= 36, x 0.82411 lb,...

A: Givenn=36x=0.82411s=0.00568confidence interval=95%

Q: A box contains 10 T-shirts comprising of 4 blue long sleeve T-shirts, 3 white long  sleeve T-shirts,...

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Q: 4. How many cards must you pick from a standard 52-card deck to be sure of getting at least 1 red ca...

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A: GivenP(-1.57&lt;z&lt;0)

Q: Suppose that in a certain town with a population of 5000 households, 3000 of the households have cel...

A: Given  n(P)=3000, n(C)=2000, n(C and P)=1500  n(Total)=500    

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A: Given that  We need to obtain A:   

Q: 3. Ten national leaders are to be seated at a round table at a summit. If the presidents of the US a...

A: Here use concept of round arrangement 

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A: Solution

Q: respectively. What is the probability that teams A or B will win?

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A:

Q: ervice calls come to a maintenance center according to a Poisson process and, on the average, 2.7 ca...

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A: Given: Graph

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Q: You have 15 white balls arranged in a triangular arrangement. 7 balls are painted blue and 8 green. ...

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Q: 5) From a deck of 52 playing cards, 5 cards are to be drawn. a. How many 5-card hands are possible? ...

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Q: Consider the given table, compute P45 * Class interval f fx fd cf s 34 - 52 53 - 71 4 43 172 -4 -16 ...

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Q: Current Attempt in Progress If random samples of size 75 are drawn from a population with mean 50 an...

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Q: What is the probability that Tori picks a boy? What is the probability that Tori picks someone whos...

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A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are sol...

Q: Evaluate the following permutations.

A: here use counting principle 

Q: number of candidates who answer ten questions is equal to the number of candidates who answer nine q...

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Q: Ryan lives four blocks north and five blocks west of his school. Is it possible for him to take a di...

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Q: Find the area to the left of negative z value: z = -2.25 * 48.78% O 49.16% O 1.22% 92.92%

A:

Q: An employee group requires 6 people be chosen for a committee from a group of 16 employees. The empl...

A: As per guideline expert have to answer first question only dear student please upload other question...

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Q: 2. P(Z < 2.36)

A: HERE standard normal distribution , so mean = 0 standard deviation = 1