Shalini’s vNM utility for money is u(x) = x1/2, where x is her final wealth level. She currently has $1600 and is uninsured. When she drives her car she faces the following gamble. With 90% probability she will not get into an accident, and with 10% probability she will get into an accident and incur $1500 in auto damages. What is the maximum amount she would be willing to pay for an insurance policy that completely covers any auto damages?

Answers

Answer 1

Answer:

Shalini

The maximum amount that she would be willing to pay for an insurance policy that completely covers any auto damages is:

= $150.

Step-by-step explanation:

Utility for money, u(x) = x1/2

x, her final wealth level = $1,600

Loss from accident

Probability     Loss incurred    Expected Loss

90%                  $0                            $0 (90% * $0)

10%                   $1,500                 $150 (10% * $1,500)

100%                                             $150

b) The amount that Shalini would be willing to pay for an insurance policy for all auto damages is limited to her expected loss from auto damages.  Since she has a 90% chance of not being involved in an accident, her expected loss will be reduced to $150.  This represents 10% of the loss from damages that she would incur if she was involved in an accident, which is 10% probable.


Related Questions

I need help ASAP with this and it’s due TODAY!!

Answers

Answer:

329.5 miles

Step-by-step explanation:

[tex]11^2+19^2=482\\\sqrt{482} \\21.95 units\\21.95*15= 329.25\\329.25 miles[/tex]

on a piece of paper graph......

Answers

Answer:

I think it’s the first one, A

Can some explain how to do this?

Answers

Answer:

Exact Area = 210.25pi - 210Approximate Area = 450.185

The units for the area are in square inches or in^2. The approximate value shown above is when using pi = 3.14

=============================================================

Explanation:

Use the pythagorean theorem to find the length of the hypotenuse

a = 20b = 21c = unknown

a^2 + b^2 = c^2

20^2 + 21^2 = c^2

400 + 441 = c^2

c^2 = 841

c = sqrt(841)

c = 29

The hypotenuse is 29 inches long. This is the diameter of the circle. Half of that is the radius at r = d/2 = 29/2 = 14.5 inches.

The area of the circle is...

A = pi*r^2

A = pi*(14.5)^2

A = pi*210.25

A = 210.25pi

Which is exact in terms of pi

We'll subtract off the triangular region as this isn't shaded in. The area of the triangle is base*height/2 = 20*21/2 = 420/2 = 210 square inches.

So the shaded region is therefore 210.25pi - 210 square inches

This approximates to 210.25*3.14 - 210 = 450.185 when using the approximation pi = 3.14; use more decimal digits of pi to get a more accurate value.

PLEASE HELP ME NOW IM FAILING I WILL GIVE EXTRA POINTS

Answers

Answer:

I don’t know how to show it on here...

Step-by-step explanation:

just move everything one square to the left. Then move them 2 up.

e) que cantidad aumenta en 25 de como resultado 65​

Answers

Answer:

40

Step-by-step explanation:

6 and 3/4 divided by 4 and 1/2 | HELP ASAP!

Answers

here is the answer in different forms

Answer:

1.5 or 1 1/2 or 3/2

Step-by-step explanation:

hope this helps!

which term means 'per hundred' or hundredths?
a. decimal b. Ratio c. Percent d. fraction

Answers

The Answerto your question is : C. Percent

Please answer for brainlest

Answers

they are Vertically Opposite Angles..

If one leg of a right triangle is 4/7 and the hypotenuse is 10/6, then the other leg is​

Answers

A right triangle has two legs and a hypotenuse
a = shorter leg
b = longer leg
c = hypotenuse
We know b-a=4, or b = a+4

The Pythagorean theorem states:
a2 + b2 = c2

a2 + (a+4)2 = c2
a2 + (a+4)2 = 80
a2 + a2 + 8a + 16 = 80

Combine terms
2a2 + 8a - 64 = 0

Divide by 2
a2 + 4a - 32 = 0

Factor
(a+8)(a-4) = 0
a = 4, -8

We throw out the -8 solution because we can't have a negative measure.

So a = 4
b = 8
c = √80 = 4√5

The legs are 4 and 8.

1. The radius of the circular base of a cylinder tank is 0.7 m and its height is 5 m. What is
its surface area??

A. 20.5572 sqm
B. 22.5072 sqm
C. 25.0572 sqm
D. 27.0552

2. An ice cream cone has a radius of 7 cm and a slant height of 10 cm. What is its surface
area?

A. 337.66 sq cm
B.373.66 sq cm
C.376.36 sq cm
D. 376.66 sq cm


help, it's just 1-3 :( with solution please :(

3. A cubical wooden box has a surface area of 600 square cm. What is the measurement
of each
edge?

B. 6 cm
C. 10 cm
A. 5 cm
D. 100 cm

Answers

Answer:

C)

B)

C)

Step-by-step explanation:

Question-1:

recall the surface area formula of cylinder

[tex] \displaystyle A _{S} = 2\pi r(h + r)[/tex]

given that,h=5 and r=0.7

substitute:

[tex] \displaystyle A _{S} = 2\pi (0.7)(5 + 0.7)[/tex]

simplify parentheses:

[tex] \displaystyle A _{S} = 2\pi (0.7)(5 .7)[/tex]

simplify multiplication:

[tex] \displaystyle A _{S} =25.0572 sqm[/tex]

hence, our answer is C

Question-2:

remember the surface area formula of cone

[tex] \displaystyle A _{S} = \pi r(r + s)[/tex]

given that,r=7 and s=10

substitute:

[tex] \displaystyle A _{S} = \pi (7)(7+ 10)[/tex]

simplify parentheses:

[tex] \displaystyle A _{S} = \pi (7)(17)[/tex]

simplify multiplication:

[tex] \displaystyle A _{S} =373.66sqcm[/tex]

hence, our answer is B

Question-3:

now for the question-3 we need a little bit understanding

remember the surface area formula of cube

[tex] \displaystyle A _{S} =6 {a}^{2} [/tex]

we are given that,[tex]A_S=600[/tex] Thus

substitute:

[tex] \displaystyle 6 {a}^{2} = 600[/tex]

divide both sides by 6:

[tex] \displaystyle {a}^{2} = 100[/tex]

square root both sides:

[tex] \displaystyle {a}^{} = 10[/tex]

hence, the measurement of each

edge is 10 cm therefore our answer is C)

Watch "How Wolves Changed Rivers" on YouTebe

***And answer the following question please ASAP ASAP please

1. Why did the "deer" (they are really elk) leave the valleys when the wolves were re-introduced to Yellowstone?

2. When the elk left the valleys, what happened to the vegetation? Give specific examples.

3. Once the vegetation changed, what wildlife came back?

4. How did the wolves change the rivers?

5. How did the elk change the rivers when the wolves were removed from Yellowstone National Park?




Answers

You Are Not Allowed To Put Links Or To Tell To Go To Other Websites according To The Rules

1- The acceleration of a particle is defined by the relation a = 6 ft/s 2. Knowing
that s =-32 ft when t = 0 and v= -6 ft/s when t = 2 s, determine the velocity, the
position, and the total distance traveled when t = 5 s.
help fast​

Answers

Answer:

The initial velocity of the particle is

v' = -6 - 6.2 = -18 ft/s

at t = 5s, the velocity is v = -18 + 6.5 = 12 ft/s

the position is

[tex]x = - 32 - 18 \times 5 + \frac{1}{2} \times 6 \times 5 {}^{2} = - 47 \: ft[/tex]

the total distance traveled is

[tex]s = | \frac{12 {}^{2} - 18 {}^{2} }{2 \times 6} | = 15 \: ft[/tex]

write and solve the equation. 3 more than four times a number is equal to 3 less than six times the number?​

Answers

Answer:

Step-by-step explanation:

Answer:

3+4x=6x-3 2x=6, x=3 ...

The function f(x) = 3.r4 + kx3 + x – 2 has an x-intercept at x = -2.
What is the value of k in the function f(r)?
O A
2
B.
13
2
C. -3
D. 7

Answers

See the picture below

Answer:

Choose (A)

Step-by-step explanation:

f(x)=3x+kx³+x-2

f(x)=3(-2)⁴+k(-2)³+(-2)-2

=-8k+44

-8k=-44

k=44/8

k=11/2

Graph y =-7x-1 il do anything

Answers

Answer:

here you go!

4. A representative sample of 50 students from a high school is surveyed. Each student is asked what science class
he or she is taking. This table show the responses. Select all the statements that are valid based on the results of
the survey.
Science Class
Physics
Chemistry
Biology
Earth Science
Health Science
Number of
Students
6
10
18
A. About 20% of students at the high school are taking
Chemistry.
B. About twice as many students are taking Health Science
than are taking Physics.
C. For every 150 students we could predict that at least 18
of the students are taking Physics.
D. For every 25 students we could predict that at least 4 of
the students are taking Earth Science.
4
12

Answers

Answer:

A, B, C

Step-by-step explanation:

The total number of students is the sum of the students taken each course. Hence the total number of students is:

Total number = 6 + 10 + 18 + 4 + 12 = 50 students

A) The percentage of students offering chemistry = (number of students offering chemistry / total number of students) * 100%

percentage of students offering chemistry = (10 / 50) * 100% = 20%

Option A is correct

B) number of students taking health science = 12, while number of students taking physics = 6. Hence About twice as many students are taking Health Science  than are taking Physics.

Option B is correct.

C) The percentage of students taking physic = (6 / 50) * 100% = 12%

Therefore for 150 students, the number of students taking Physics = 12% * 150 = 0.12 * 150 = 18

Option C is correct

D) The percentage of students taking earth science = (4 / 50) * 100% = 8%

Therefore for 25 students, the number of students taking earth science = 8% * 25 = 0.08 * 25 = 2

For every 150 students we could predict that 18  of the students are taking Physics.

Option D is correct

What is the missing Angel

Answers

Answer:

30

Step-by-step explanation:

Answer:

i belive it is 30 degre angle

Step-by-step explanation:

HELP PLZ


DUE
RNNN
WILL
GIVE
BRAINLIS

Answers

Answer:

54 in.

remember that to get the perimeter you just have to add all the sides

b 54in. , perimeter formula is side+side+side

HELP ME ASPA!!!!!
Round your answer to the nearest hundredth.
AC=

Answers

Hello :) ok so to find AC you would have to use sin. It would be sin70= x/4. To find AC you would have to multiply 4 by sin70 which is 3.758 or to the nearest hundredth would be 3.76. I hope I helped, if you need a more in depth explanation lmk

A juice manufacturing company designed a carton as shown below. What is the name of the three-dimensional
figure it creates?

Answers

Answer: rectangular prism and a pyramid I think

Step-by-step explanation:

Given the following statements, which answer uses deductive reasoning to draw the conclusion?
If a number is even, then it is divisible by 2. g = 14.

A. The number is divisible by 2, therefore, the number is 14.

B. The number 14 is even and is greater than 2

C. The number 14 is even and therefore is divisible by 2.

D. The number 14 is a real number

Answers

Determine whether the stated conclusion is valid based on the given information. If not, write invalid. Explain your reasoning.
3. Given: If a number is divisible by 4, then the number is divisible by 2. 12 is divisible by four.
Conclusion: 12 is divisible by 2.
SOLUTION:
If p → q is a true statement and p is true, then q. Here, a number divisible 4 is divisible by 2 also and 12 is divisible by 4. So, 12 is divisible by 2 is a valid statement by the Law of Detachment.
ANSWER:
valid; Law of Detachment
4. Given: If Elan stays up late, he will be tired the next day. Elan is tired.
Conclusion: Elan stayed up late.
SOLUTION:
If p is true, then q is true, but q being true does not necessarily mean that p is true. Elan could be tired because he worked out. So, the statement is invalid.
ANSWER:
Invalid; Elan could be tired because he worked out.
eSolutions Manual - Powered by Cognero

The statement which uses deductive reasoning to draw the conclusion is C. The number 14 is even and therefore is divisible by 2.

If a number is even, then it is divisible by 2. g = 14.

Which statement draws the conclusion?

The statement which shows the logical reasoning could be the correct one.

A. The number is divisible by 2, therefore, the number is 14.

Here any even number can be divisible by 2 other than 14.

B. The number 14 is even and is greater than 2. The given conclusion does not mention any number that is greater than 2.

C. The number 14 is even and therefore is divisible by 2. This is the correct statement.

D. The number 14 is a real number.

Learn more about reasoning function here:

https://brainly.com/question/19425567

#SPJ2

Gavin wants to buy a bike which costs 1,000 dollars. He raised 250 so far from his shoe shop. How much more does Gavin need to raise in order to buy the bike?

Answers

Answer:

the answer would be 750 dollars.

Step-by-step explanation:

If he needs $1,000 in total and already has $250, you can do 1,000 - 250 to get 750. A simpler way to.do that could be to take 1,000 - 200 to get 800, and then subtract another 50.

The answer is 750 dollars

Please look at the image

Answers

Answer:

Equation to solve for "x": 90 + x + x + 18 = 180

x = 36

Step-by-step explanation:

90 + x + x + 18 = 180

90 + 18 + 2x = 180

108 + 2x = 180

(108 - 108) + 2x = 180 - 108

2x = 72

2x/2 = 72/2

x = 36

90 + 36 + 36 + 18 = 180

108 + 72 = 180

180 = 180

if 2+4=8 3+8=17 5-5=20 then 6-5=

Answers

Answer:

31

Step-by-step explanation:

2+4=8

3+8=17

5-5=20

6-5=31

basic logarithms, one equation, screenshot attached

Answers

Answer:

2

Step-by-step explanation:

log9 (2^-4) = -4.log9 (2)

PLS HELP!!!
Find the area of the triangle below.
Be sure to include the correct unit in your answer.
6 yd
13 yd
17 yd

Answers

Answer:

36

Step-by-step explanation:


Hellllpppppppppppppp

Answers

It should be 54 because height times width

50 persons 2 glass. Each glass 150 milliliter. How many liters

Answers

Answer:

1.5 liters

Step-by-step explanation:

300 mL per person

50 people

300 x 50 = 1500

1500 mL = 1.5 L

There are two numbers whose product is 117 and quotient is 13. What are the two numbers

Answers

Answer:

Let the two numbers be x and y

Step-by-step explanation:

Given :

x × y = 117 -1

x ÷ y = 13 -2

from equation 2 ,

x = 13×y -3

putting value of x from equation 3 in equation 1

13y × y = 117

13y² = 117

y² = 117 / 13

y² = 9

y = √9

y= 3

putting value of y in equation 3

x = 13 × y

13× 3

= 39

hence the two numbers are 39 and 3

Find the value of x.
64
56°

Answers

Answer:

answer is 60

Step-by-step explanation:

180-(64+56)=180-120=60

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