An insurance company issues a policy for a diamond ring worth $15,000 for an annual premium of $225.00. If the company figures the probability of the ring to be lost or damaged is 0.005, what is the company's expected profit?  Round your answer to nearest cent.  (e.g.  $135.789 would enter as 135.79)

Q: Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5 for…

A: Suppose we pay $3.00 to roll a fair die with the understanding that you will get back $5 for rolling…

Q: During a prolonged recession, property values on Long Island depreciated by 8% every six months. If…

A: future value can be calculated as FV = PV(1+i)n PV = $200000 i = rate of interest -ve for…

Q: hat is the percentage change in the airfare for the one-year period?

A: Need to calculate the percentage change in airfare for the one-year period

Q: If the number of mortgage applications declined by 9% to 1,625,385. What had been the previous…

A: The given data is as follows: to 1,625,385 number of mortgage applications.

Q: What is 39% of 1681? Round to the nearest hundredth. O A. 6,555.90 B. 65.56 C. 655.59 OD. 65,559.00

A:

Q: When photographers, florists, DJs, bands, and other outside vendors are booked through your office…

A:

Q: A laptop was originally sold for 1200. The laptop is now on sale for $950. What is the percent…

A:

Q: an item with a regular retail price of $130.00 that is marked down 30% for a sale would have a sale…

A: Original retail price of an item is R=$130.00 Discount for the sale is 30%.

Q: If & $6,000 IS loortoLoed at a Simple lu terest nate of 4.80%. uterest hate of 4.80%. P.a.,…

A: Simple interest is one of the two types of interest. In this type, the principal amount is unaltered…