Concept explainers
Rick Clinton wants to purchase an automobile insurance policy with bodily injury and property damage coverage in the amounts of 50/100/50. In addition, he wants collision coverage with $250 deductible and comprehensive with no deductible. Rick is in driver classification 4 and lives in territory 3. His vehicle, a Buick Regal, is in model class B and is 1 year old. Rick has had two accidents and one ticket in the past 12 months and is therefore considered to be a high risk. Consequently, the insurance company has assigned a rating factor of 4.0 to his policy. As Rick's automobile insurance agent, calculate the total annual premium for his policy.
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Chapter 19 Solutions
Contemporary Mathematics For Business & Consumers, Loose-leaf Version
- 53. A certain shop repairs both audio and video compo- nents. Let A denote the event that the next component brought in for repair is an audio component, and let B be the event that the next component is a compact disc player (so the event B is contained in A). Suppose that P(A) = .6 and P(B) = .05. What is P(BA)?arrow_forward26. A certain system can experience three different types of defects. Let A;(i = 1,2,3) denote the event that the sys- tem has a defect of type i. Suppose thatP(A1) = .12 P(A) = .07 P(A) = .05P(A, U A2) = .13P(A, U A3) = .14P(A2 U A3) = .10P(A, A2 A3) = .011Rshelfa. What is the probability that the system does not havea type 1 defect?b. What is the probability that the system has both type 1 and type 2 defects?c. What is the probability that the system has both type 1 and type 2 defects but not a type 3 defect? d. What is the probability that the system has at most two of these defects?arrow_forwardCalculs Insights πT | cos x |³ dx 59 2arrow_forward
- 2. Consider the ODE u' = ƒ (u) = u² + r where r is a parameter that can take the values r = −1, −0.5, -0.1, 0.1. For each value of r: (a) Sketch ƒ(u) = u² + r and determine the equilibrium points. (b) Draw the phase line. (d) Determine the stability of the equilibrium points. (d) Plot the direction field and some sample solutions,i.e., u(t) (e) Describe how location of the equilibrium points and their stability change as you increase the parameter r. (f) Using the matlab program phaseline.m generate a solution for each value of r and the initial condition u(0) = 0.9. Print and turn in your result for r = −1. Do not forget to add a figure caption. (g) In the matlab program phaseline.m set the initial condition to u(0) = 1.1 and simulate the ode over the time interval t = [0, 10] for different values of r. What happens? Why? You do not need to turn in a plot for (g), just describe what happens.arrow_forwardThe following are suggested designs for group sequential studies. Using PROCSEQDESIGN, provide the following for the design O’Brien Fleming and Pocock.• The critical boundary values for each analysis of the data• The expected sample sizes at each interim analysisAssume the standardized Z score method for calculating boundaries.Investigators are evaluating the success rate of a novel drug for treating a certain type ofbacterial wound infection. Since no existing treatment exists, they have planned a one-armstudy. They wish to test whether the success rate of the drug is better than 50%, whichthey have defined as the null success rate. Preliminary testing has estimated the successrate of the drug at 55%. The investigators are eager to get the drug into production andwould like to plan for 9 interim analyses (10 analyzes in total) of the data. Assume thesignificance level is 5% and power is 90%.Besides, draw a combined boundary plot (OBF, POC, and HP)arrow_forward4. Solve the system of equations and express your solution using vectors. 2x1 +5x2+x3 + 3x4 = 9 -x2+x3 + x4 = 1 -x1-6x2+3x3 + 2x4 = -1arrow_forward
- 3. Simplify the matrix expression A(A-B) - (A+B)B-2(A - B)2 + (A + B) 2arrow_forward[2 pts] 1. Let A = [. 1 -1 0 -343 and B = 05 5 -7 304 Compute (7A - 3B) - 4(2A - B).arrow_forward20 2. Let A = = [ -2 0 1 3 ] and B = 2 3 -1 2 For each of the following, calculate the product or indicate why it is undefined: (a) AB (b) BAarrow_forward
- True or False and whyarrow_forward10 5 Obtain by multiplying matrices the composite coordinate transformation of two transformations, first x' = (x + y√√2+2)/2 y' = z' (x√√2-2√2)/2 z = (-x+y√√2-2)/2 followed by x" = (x'√√2+z'√√2)/2 y" = (-x'y'√√2+2')/2 z" = (x'y'√√2-2')/2.arrow_forwardNot use ai pleasearrow_forward
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