QUESTION 10Suppose there is a 0.371% chance that a certain age group will be in a car accident requiring body repair. An insurance company charges $180 for a car insurancepolicy that will pay S10,000 for body repair due to an accident What is the expected value, to the nearest whole dollar for the insurance company?

Suppose there is a 0.371% chance that a certain age group will be in a car accident requiring body…

Answered: QUESTION 10 Suppose there is a 0.371%…

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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The chance of winning a lottery game is 1 in approximately 22 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $6 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result.
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Illustration 32. The publishing company's estimate of profits and losses and their respective probabilities on the publication of this book during the first yer are as follows : Profit/Loss Probability Condition 500000 .20 If successful If moderate 200000 .30 If unsuccessful -100000 .50 Find the expected value of the profit of the company for this book during the first year.
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Please solve the attached question, thanks
In a certain study, the chance of encountering a car crash on the road is stated as 20%. Express that as a probability (which means it should be written as a decimal or a reduced fraction.)
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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 900 tickets. There is one $1,000 grand prize, three $500 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent. Question Help: Written Example > Next Question %23 44 F1 19 23 14 F6 F7 F10 %23 24 &. 2 4. 8. 9. Q Y U A S D K Z V M option command .. •- JI B w/

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