Question: I help need for an assignment following: For this assignment my instructor would like for me to contact the auto insurance and to contact them
I help need for an assignment following:
For this assignment my instructor would like for me to contact the auto insurance and to contact them that became a safe driver in the past year and wants for me to ask to adjustment on my premium. So my questions is how can the report my conversation results on the box. I have provided a sample of the box, its the picture. I did call my insurance and my car is worth 35000 and my insurance to cover if car is totaled cost is 1600 a year. I am stuck in how to set it up.

AND ent - Google Chrome /assessment/showsoln.php?id=367851&sig=b0e868960d1bf7:42ea93a51f08c5d80a&t=1&cid=embedq of a similar problem sed the insurance policy from an insurance company to cover the value of hers new car in case if it gets totaled for the price of $1000 per year. Tiana's car worth $22000 icy is estimated to be 0.1%. Let X be the insurance company's profit. Answer the following questions: the probability distribution table for X : outcome profit I , $ P(X = car is totaled car is not totaled he probability distribution table to find the following: EX| = UX = dollars. (Round the answer to 1 decimal place.) SD[X] = OX = dollars. (Round the answer to 1 decimal place.) orth $22000 and the probability of Tiana totaling the car during the length of the policy is estimated to be 0. 1%. Tiana has purchased the insurance policy from insurance comp the price of $1000 per year. Let A be the insurance company's profit. Answer the following questions: ate the probability distribution table for X : outcome profit I , $ P(X I) xP(X = I) (x - UX) 'P(X = car is totaled 1000 - 22000 = - 21000 0.001 -21000 . 0.001 1 ( - 21000 - 978) . 0.001 car is not totaled 1000 1 - 0.001 = 0.999 1000 . 0.999 - 999 (1000 - 978) . 0.999 Total: HX : - 21 + 999 - 978 03 - 483032.484 + 483.516 Use the probability distribution table to find the following: a. E[X] = MX = 978 dollars. b. SD[X] = ox = Vo? _ X V483516 - 695.4 dollars. -step (with technology): runch) Enter the probability distribution table into StatCrunch
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
