A customer for a home insurance policy owns a $200,000 home. The probability is 0.1% that the home will be totally destroyed by fire, and the probability is 0.5% that the home will suffer a 50% loss due to fire. Ignoring all other partial losses, the insurance company is interested in determining what premium it should charge for a policy just to break even? Let ? = ?ℎ? ?????? ?? ???????????? ???? ?? ?ℎ? ????????. Calculate the premium that the insurance company should charge for a policy to break even. Hint: use the probability distribution table you made to find the sample space of the r.v. X

Q: Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws two…

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A: From given data we have : the distribution of oil prices is $50, $65, $105.

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A: Let A be the event that gets the flu. Let B be the event that gets a flu shot. P(A) = 0.2  P(B) =…

Q: Use the above data to prepare a frequency distribution table with 8 classes. Find the measures of…

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A: Note: As per my policy i can answer only one question. kindly repost the remaining one. Given data…

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Q: The lacrosse team has a 55% chance of winning its upcoming games. Find the probability of them…

A:

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Q: If the probability that the Yankees will win a baseball game is 60%, find the probability that the…

A: The probability that Yankees will win a baseball game is 60%, that is PWinning=0.60.

Q: According to the National Health Statistics Reports, 16% of American women have one child, and 21%…

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A:

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Q: Suppose an oil company is thinking of buying some land for $11,000,000. There is a 60% chance of…

A: Solution We can solve by the tree

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A:

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A: From the provided information, The probability of winning a race (p) = 3/8

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Q: An appliance store sells additional warranties on its refrigerators. Twenty percent of the buyers…

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Q: Suppose that 35% of people own dogs. If you pick two people at random; what is the percent that they…

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Q: If the probability of a student taking a math class is 0.40, the probability of taking a physics…

A:

Q: On average, what are the odds

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Q: You randomly select one card from a​ 52-card deck. Find the probability of selecting the king of…

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