3. What would be the yearly premium for a$50,000 insurance policy against accidentalhouseholdflood if the likelihood of an accidental householdflood is estimated to be 0.005 and thecompany wishes to have a yearly expected gain of$2000?a. $2, 250.b. $2,550.c. $2,500.d. $2,520.4. A manufacturer of electronic equipment buysspare parts for replacement and repairs in lots ofone-thousand from the supplier. Themanufacturer uses these spare parts to fix itemsunderwarrantee. Past historical records show that theprobability of any one spare part beingdefective is unlikely and assumed to be one inone-thousand. In a shipment of one-thousandspare parts the probability of two defectives isa. 0.148.b. 0.184.c. 0.366.d. 0.386.5. What is the probability of getting exactly threeheads in five flips of a balance coin?a. 5/16b. 3/16c. 7/16d. 9/16

As you have posted multiple questions, we have provided answer for first question only as per our…

3. What would be the yearly premium for a $50,000 insurance policy against accidental household flood if the likelihood of an accidental household flood is estimated to be 0.005 and the company wishes to have a yearly expected gain of $2000? a. $2, 250. b. $2,550. c. $2,500. d. $2,520.

3. What would be the yearly premium for a $50,000 insurance policy against accidental household flood if the likelihood of an accidental household flood is estimated to be 0.005 and the company wishes to have a yearly expected gain of $2000? a. $2, 250. b. $2,550. c. $2,500. d. $2,520.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: A newspaper headline claims: "Apple spends far less on Research & Development than any of its…

Q: A proposed income tax charges 10% on a person's income up to $25,000 and then 20% on income above…

A: Income tax charges are 10% for income upto $ 25000. Hence, 25000 < 60000 Therefore, income tax…

Q: Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3 for…

Q: A mutual fund has total assets of $40,000,000 and total liabilities of $3,000,000. There are…

A: Total assets (A) = $40000000 Total liabilities (L) = $3000000 Outstanding shares (N) = 1900000 We…

Q: In 2020 the hourly minimum wage for a city of Norwalk worker was $11.75. Suppose every year it is…

Q: The theory for which insurance is based where a protection is purchased by many whose total payments…

A: Introduction: Risk sharing is a concept that forms the basis of many insurance plans.

Q: Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3 for…

A: The probability that getting 2 or 5 by rolling a fair die is 1/3. The winning amount is $3. For each…

Q: Suppose that you have $15,000 in a rather risky investment recommended by your financial advisor.…

Q: The first year Tom started working for this company his wages were $7.50 per hour. On the second…

A: Given The first year wages=$7.50 Second year increment=4.5% Third year increment=3% Fourth year…

Q: How much would Olga's semiannual premium be for a five-year term insurance policy with a face value…

A: According to the given information, Face value = $330000 Insurance term = 5 years Gender = Female…

Q: Use the data in this story to estimate the annual earnings of the average American. Do you think the…

Q: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

A: Consider having a personal loan that spans 50 years. The loan was only taken out for $1000, but the…

Q: a. What profit is earned if the product actually sells at its regular selling price? 1. A hardware…

Q: 10) You have $1,000 to invest for retirement and you plan to add $500 every year to the account. You…

A: We will use the following notations P : Principal amount , i : rate of interest per year , n :…

Q: Suppose you own a mutual fund that has 10,238,011 shares outstanding. If its total assets are…

A: Number of outstanding shares = 10,238,011Total assets = $38,475,020Liabilities = $12,214,495 Formula…

Q: Your older sister deposited $7,500 today at 8.5 percent interest for 3 years. You would like to have…

A: Given: The deposited amount for first 3year was was $7500, 8.5% and for next 3 year the interest…

Q: A man gets a raise of 12% in salary at end of first year and further raises of 16% ,19% and 25% at…

A: The percentage change is calculated using the formula below. Percentage Change=Final value-Initial…

Q: A person's annual salary starts out at $50000. In scenario 1, the person receives an annual raise of…

Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

Q: 2. Which of the following are monthly fixed expenses? a. rent, mortgage, electricity costs b. rent,…

A: Rent and mortgage are always fixed every month for a family. But electricity costs, fuel costs or…

Q: Mac Corp. is considering a project that has the following cash flow data. What is the project’s…

Q: a. What is our monthly income? b. Lending agencies usually require that no more than 28% of the…

A: Hey, since there are multiple sub-parts posted, we will answer the first 3 sub-parts. If you want…

Q: What is the balance of Max's $2000 after 10 years? 5. Who is $10,000 richer at the end of the…

Q: Ms. Yamato’s gross pay is $2644. Her deductions total $548.30. What percent of her gross pay is…

Question

3. What would be the yearly premium for a
$50,000 insurance policy against accidental
household
flood if the likelihood of an accidental household
flood is estimated to be 0.005 and the
company wishes to have a yearly expected gain of
$2000?
a. $2, 250.
b. $2,550.
c. $2,500.
d. $2,520.
4. A manufacturer of electronic equipment buys
spare parts for replacement and repairs in lots of
one-thousand from the supplier. The
manufacturer uses these spare parts to fix items
under
warrantee. Past historical records show that the
probability of any one spare part being
defective is unlikely and assumed to be one in
one-thousand. In a shipment of one-thousand
spare parts the probability of two defectives is
a. 0.148.
b. 0.184.
c. 0.366.
d. 0.386.
5. What is the probability of getting exactly three
heads in five flips of a balance coin?
a. 5/16
b. 3/16
c. 7/16
d. 9/16

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Integers$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

d. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this salary be after 3 years? dollars
1. f(*) %3 2х +3
Question 2: You currently have $21,000 saved in your bank account. You have decided to use $6,300 for your upcoming spring break trip. What percentage of your savings did you use?
FARO Technologies, whose products include portable 3D measurement equipment, recently had 26 million shares outstanding trading at $45 a share. Suppose the company announces its intention to raise $290 million by selling new shares. How large a loss in dollar terms will existing FARO shareholders experience on the announcement date, based on studies that show losses are 30% of the size of the new issue? Note: Enter your answer in millions without a sign. What percentage of the value of FARO’s existing equity prior to the announcement is this expected loss? Note: Round your answer to 1 decimal place. At what price should FARO expect its existing shares to sell immediately after the announcement? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Is this statement true: Suppose I have an investment portfolio woth $10,000, and it fell 10% last year, but then it rose back up 10%. How much money would be left once it lowered 10% then rose 10%. Is there a loss, what is the percent of the decrease, to the nearest tenth of a percent?
4. A computer system de preciates at an average rate of 4% per month. If the value of the computer system was originally $1200, in how many months will it be valued at $750?
Susan and Toby created a list of their monthly household expenses, as shown below. Mortgage: $1,960.00 Monthly Bills: $1,680.00 Entertainment and Food: $840.00 Savings: $1,120.00 Which hourly wage, working 40 hours a week for 4 weeks, meets these expenses? O A. $46.67 OB. $37.33 OC. $31.11 OD. $35.00
James has an investment worth $175,609.50. The investment will make a special payment of X to James in 1 month from today and the investment also will make regular, fixed monthly payments of $1,440.00 to James forever. The expected return for the investment is 1.23 percent per month and the first regular, fixed monthly payment of $1,440.00 will be made to James in one month from today. What is X, the amount of the special payment that will be made to James in 1 month? An amount less than $58,600.00 or an anmount greater than $179,600.00 An amount equal to or greater than $58,600.00 but less than $88,950.00 An amount equal to or greater than $88,950.00 but less than $146,400.00 An amount equal to or greater than $146,400.00 but less than $176,000.00 O An amount equal to or greater than $176,000.00 but less than $179,600.00 Com SHEMA
If the option will cost the investor an additional $10,000, should the investor purchase the option?
Red, Inc provides group term life insurance to all of its employees. Susan, a vice-president, received $200,000 of coverage for the year. The Uniform Premiums (based on Susan's age) are $ 15 per month for $1,000 o f protection How much of this must Susan include in gross income this year? O SO O $360.00 O $270.00 O $280.00
Question # 4: * The lunch meat Mrs. Sanchez bought is listed on the sales receipt below. Lunch Meat Quantity Price Paid turkey 10 oz $2.29 ham 32 oz $4.99 salami 24 oz $4.25 roast beef 16 oz $2.99 Which lunch meat was the least expensive per ounce? Choose Question # 5: * A club has 800 members. 100 of the members were randomly picked and were asked if the dues should be raised. • 6 of the members said that dues should be raised.
Given the statement: In 6 trading days, the stock price rose $29.59. How rapidly, on average, has the stock price changed on a daily basis?