A bicyclist who fails to obey stop signs andcompounds his risky behavior by inattentionto other traffic, was involved in a severe crash.The amount of damage, D, done to his bicy-cle as a result is modeled by a continuousuniform distribution between $0 and $690.The cyclist had insurance that came with a$138 deductible and a maximum insurancepayment of $345. Determine the expected in-surance payment that is made to the recklesscyclist.Answer in units of USD.

It is given that amount of damage d is distributed uniform with (0,690). Deducible amount is given…

Answered: A bicyclist who fails to obey stop…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Similar questions

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Throughout the first semester of 2015, Macro Inc. sold plums in three deliveries as follows: 300 boxes of plums at $2.25 per box, 250 boxes at $1.90 per box and 400 boxes at $1.75 per box, respectively. Find the average price per box during the term in question. (Provide your answer to two decimal places)
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.
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A pet food store receives discounts from a supplier of 8% and 11% on a doggie treat which has a list price of $161.46. The store then marks the treat up 12% of cost for overhead and 38% of selling price for operating profit. Later, the store has a weekend special where they sell the treat at "14% above cost". What was their rate of markdown on the treat? Give your answer as a percent rounded to 2 decimal places.
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