Please answer 6/7

6. Suppose I toss a thumbtack in the air 100 times. It lands with its point up 42 times a. What is my best estimate of the probability that next time I toss it, it will land with its point up? b. Approximately how many times would you expect it to land point up if I toss it in the air 500 times? 7. Suppose that your car insurance company figures that you have a 95% chance of having no collisions next year, and a 5% chance of having a collision (we will ignore the possibility of more than one collision). If you have a collision, they figure it will cost them $8,500 a. How much money will they lose on you (on average) next year? b. How much money should they charge you to buy their insurance? mob s'act i amsbute 080 mis