The bicycle thief. Some entrepreneurial classmates start a business selling insurance for bicycle theft at your school. The data they get from the office of public safety suggests that the probability a bicycle is stolen is about 0.05. By surveying friends, they find the typical bike is worth about $500. If they want to make an average profit of $20 per policy, how much should they charge for the insurance policy? (Use your work from Mindscape 47.)
The bicycle thief. Some entrepreneurial classmates start a business selling insurance for bicycle theft at your school. The data they get from the office of public safety suggests that the probability a bicycle is stolen is about 0.05. By surveying friends, they find the typical bike is worth about $500. If they want to make an average profit of $20 per policy, how much should they charge for the insurance policy? (Use your work from Mindscape 47.)
The bicycle thief. Some entrepreneurial classmates start a business selling insurance for bicycle theft at your school. The data they get from the office of public safety suggests that the probability a bicycle is stolen is about 0.05. By surveying friends, they find the typical bike is worth about $500. If they want to make an average profit of $20 per policy, how much should they charge for the insurance policy? (Use your work from Mindscape 47.)
Fundamentals of Differential Equations and Boundary Value Problems
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Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License