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Elena-2011 [213]
2 years ago
6

An insurance company divides its customers into 2 groups. Twenty percent of customers are in the high-risk group, and eighty per

cent are in the low-risk group. The high-risk customers make an average of 1 accident per year while the low-risk customers make an average of 0.1 accidents per year. Eric had no accidents last year. What is the probability that he is a high-risk driver?
Business
1 answer:
tatuchka [14]2 years ago
3 0

Answer:

0.0923 or 9.23%

Explanation:

We have to use the Poisson distribution:

P(x) = (0.2 x e⁻¹) / [(0.2 x e⁻¹)+ (0.8 x e⁻⁰°¹)]

  • e = 2.71828 (given)
  • lambda = λ = 0.1

0.073578 / (0.073578 + 0.72387) = 0.073578 / 0.79744 = 0.092267 or 9.23%

The Poisson distribution is used to calculate the probability of occurrence of independent and random variables.

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For most people, the purchase of a Ford automobile would employ which type of consumer decision making? a.Generic decision makin
sashaice [31]

Answer:

1. B

2. E

Explanation:

1. Consumer or buyers use the extended decision making as it is that decision making which involves high level of the purchase involvement, extensive internal and the extensive information search with complex evaluation of the alternatives. In case of automobiles, buyers will choose the extended decision making as it is expensive, infrequently purchased products.

2. As there is involvement of high risk of financial loss in the future purchasing power, for people or consumer, the automobiles have the situational involvement, it is the short term state which directs towards the attaching relevance of a situation or person. In other words, it is an state where, it establish a level of involvement when a consumer or person think of a specific situation or object.

8 0
2 years ago
Gina and Bill are managers for two separate projects; both freely express their anger at work. Compared to Bill, Gina is more li
cestrela7 [59]

The answer to the question is Gina (B) is more likely to be perceived as overemotional and incompetent.

This is mainly because of her gender – since Gina is female, and females are often stereotyped as highly influenced by feelings when exhibiting their behaviors, thus, she will be judged as overemotional due to this. She would also be judged as more incompetent than Bill.

3 0
2 years ago
Wright Company sells merchandise with a one-year warranty. In the current year, sales consisted of 2,000 units. It is estimated
gregori [183]

Answer:

$30,000

Explanation:

In this question, the matching account principle is used which means the total revenue is matched with the total expenses in a given year.

The computation of the warranty expense is shown below:

= Number of selling units × average unit sold per unit

= 2,000 unit × $15 per unit

= $30,000

The whole amount $30,000 should be recorded as warranty expense

5 0
2 years ago
Jane Hastings recently joined her first job as a communication executive and is working on creating press releases for an upcomi
Karo-lina-s [1.5K]

Answer:

<em>d. high negative affect</em>

Explanation:

Negative affectivity is <em>a wide trait of personality, referring to the stable inclination to suffer negative emotions. </em>

<em>People high in Negative affectivity are much more reluctant to experience negative levels of affective mood over time and irrespective of circumstance. </em>

Same with Jane, she started her new job but experiences emotions of negativity because of the campaign.

They often report further dissociative symptoms and focus on negative stimulation or possibly dangerous situations.

6 0
2 years ago
Read 2 more answers
Payback Period Jan Booth is considering investing in either a storage facility or a car wash facility. Both projects have a five
AfilCa [17]

Answer:

1. 3 years

2. 3.375 years

3. The storage facility project

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recouped from cummulative cash flows.

When there are more than 1 project to be chosen from, the project whose payback period is the least should be chosen.

Therefore, the storage facility project should be chosen.

Explanations on how the payback period is calculated can be found in the attached images. Please contact me if you need clarification.

I hope my answer helps you.

3 0
2 years ago
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