Now suppose Justin owns a $600,000 house and has a 5% chance of experiencing a firein any given year. Assume as before that the fire will result in a total loss. Suppose theLemonade Insurance Company offers Rainie and Justin the same insurance contractand charges them the same premium. In other words, they put Rainie and Justin intothe same risk pool.What is the probability distribution of total losses for Lemonade InsuranceCompany if they sell contracts to Rainie and Justin? Show your work|a.b.What premium must Lemonade Insurance Company charge each of Rainie andJustin if they want to 'break even'? Show your workWill Rainie purchase this contract if she is charged the 'break-even' premium?Will Justin purchase this contact if he is charged the 'break-even' premium?Briefly explain your reason.C.d.What is the amount of risk Lemonade Insurance Company faces if they sellcontracts to both Rainie and Justin? Show your work3.

*Answer: 1) a) Since Mallory’s is the only customer , there are only two outcomes possible - Fire…

Answered: b. What premium must Lemonade Insurance…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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5. You and your friends want to go to a skate park on Saturday. There are two parks in your neighborhood, Sam's Skate Park, and Brad's Skate Park, The parks both charge for skating at their park. Each parks price is described below. Sam's Skate Park: $3 to get into the park and $1 for every hour. Brad's Skate Park: $5 to get into the park and $0.50 for every hour. Write a system of equations for each: Sam's Brad's Where do the lines intersect? What does the intersection mean?
Suppose assembly line workers are paid as shown below. 1-75 items assembled $0.25 each 76-125 items assembled $1.00 each 126 or more items assembled $1.50 each If Jared assembles 89 items, what are his gross earnings?
You manage a spare parts warehouse for an Electric Car Company. Dealers come by the warehouse to purchase batteries and you replenish your inventory at the start of every month or when the inventory of batteries is exhausted. At the start of December, the warehouse contains 10 batteries, 3 of which are not fully charged. You must reimburse $50 to a dealer if they need to charge a battery at their facility.
I don’t understand the assignment.
2. Lisa and Mike are partners in a business. The income that the business earns is divided between Lisa and Mike in a 2:3 ratio respectively. Their business earned an income of $250,000 this year. How much will Lisa receive? 3. Trisha and Michael decided to start a business. They decided that Trisha will work at the store full time and Michael will work half time. Trisha and Michael's workload expressed as a ratio respectively would be: 7. The Elegant Farmer grocery store buys bushels of apples each week. Calculate the weighted average price paid per bushel based on the following information for the month of June: Week Number of Bushels Price Per Bushel Total Cost 1 250 1.22 305.00 2 150 1.41 211.50 3 143 1.38 197.34 4 194 1.27 246.38 Total 737 960.22 $
An auction was held today at which 4 rare stamps were sold. Prices ranged from $40 to $55, at $5 increments. Determine the price and order of each auction lot, as well as the name of each winning bidder. One bidder's name was Aidan. 1. The stamp that was auctioned fourth was either the one won by Bo or the one that sold for $45. 2. The stamp won by Candi was either the one that was auctioned first or the one that sold for $50. 3. The stamp won by Devin sold for somewhat less than the stamp that was auctioned first. 4. The stamp that was auctioned first sold for 10 dollars less than the stamp that was auctioned second.
these are my only 4 options a. 69 b. 138 c. 85 d. 170

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