What is the probability that a customer who spends $6000/year and who does NOT have a loyalty card will respond to the campaign? O About 53% O About 15% About 33% O About 45%
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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/Diet Dr.Pepper is going old school and putting a "Free DP" notification under 10% of their 20-oz bottle caps. If I purchase a 6-pack of 20-oz bottles, what is the probability that I win at least two free drpeppers?You flip a fair coin 10 times. What is the probability that you flip all tails? Answers should be percentages correct to five decimal places.
- An insurance company sells a $20,000, seven-year term life insurance policy to an individual for $1,700. Find the expected return for the company if the probability the individual will live for the next seven years is 0.92. (Round your answer to the nearest cent.)$An insurance company sells a $11,500, five-year term life insurance policy to an individual for $860. Find the expected return for the company if the probability the individual will live for the next five years is 0.96. (Round your answer to the nearest cent.)Answer #30 please. Show work.
- The annual premium for a $20,000 insurance policy against the theft of a painting is $300. If the probability that the painting will be stolen during the year is 0.02, what is your expected return from the insurance company if you take out this insurance? Upload your answer with your work and explanations hereA daycare provider has determined that 80% of the children in her care develop colds each winter. This year there are 40 children at the daycare. What is the probability that fewer than 30 children will develops colds this winter? Please explain. Options A. 0.2148 B. 0.2852 C. 0.5704 D. 0.4297It is the beginning of September and you have been offered the following deal to go heli-skiing. If you pick the first week in January and pay for your vacation now, you can get a week of heli-skiing for $2,900. However, if you cannot ski because the helicopters cannot fly due to bad weather, there is no snow, or you get sick, you do not get a refund. There is a 30% probability that you will not be able to ski. If you wait until the last minute and go only if you know that the conditions are perfect and you are well, the vacation will cost you $4,600. You estimate that the pleasure you get from heli-skiing is worth $6,700 per week to you (if you had to pay more than that, you would choose not to go). If your cost of capital is 11% per year, should you book ahead or wait? You should because the NPV of this choice is $ book ahead wait (Round to two decimal places.)