An insurance policy sells for $600. Based on past data, an average of 1 in 50 policyholders will file a $5,000 claim, and average of 1 in 100 policyholders will file a $10,000 claim, and an average of 1 in 200 policyholders will file a $30,000 claim. What is the expected value per policy sold?

step-by-step explanation:

you divide the denominator by the numerator on both sides and if the quotients are equal then the fractions are equivalent

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7.9m and 4.3°

step-by-step explanation:

let east be +x and north be +y, x = distance * cos θ, y = distance * sin θ  

for 3.5 south, y = -3.5  

for 8.2, x = 8.2 * cos 30 and y = 8.2 * sin 30  

for 15 west, x = -15  

total x = 8.2 * cos 30 – 15 ≈ -7.9  

total y = -3.5 + 8.2 * sin 30 = 0.6  

magnitude = [(8.2 * cos 30 – 15)^2 + 0.6^2)]^0.5  

the magnitude is approximately 7.9 m  

tan θ = y/x = 0.6/-7.9  

the angle is approximately 4.3˚ north of west

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