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Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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Can u please solve this??

Ms. Brown wants to insure her new car priced at $ 50, 000 by paying annual premium to the
insurance company.
In the case of serious accident, Ms. Brown is supposed to get full price of a car.
The probability of the serious accident in the coming year is estimated to be 0.05.
The insurance company wants the expected gain to be $1500.
The yearly premium Ms. Brown is supposed to pay to the insurance company is equal to
S
Transcribed Image Text:Ms. Brown wants to insure her new car priced at $ 50, 000 by paying annual premium to the insurance company. In the case of serious accident, Ms. Brown is supposed to get full price of a car. The probability of the serious accident in the coming year is estimated to be 0.05. The insurance company wants the expected gain to be $1500. The yearly premium Ms. Brown is supposed to pay to the insurance company is equal to S
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