The watch costed $400 before the discount.
76 * 100 = 7,600
7,600 / 19 = 400
Answer:
2.7%
Step-by-step explanation:
Since the probability of having and accident or exceed the deductible does not depend on the color of the car, the events are independent.
Recall that if two events A and B with probabilities P(A), P(B) of occurrence are independent, then
P(A ∩ B) = P(A)P(B)
There is a 300/1000 = 0.3 probability of choosing a random car. So, if the actuary randomly picks a claim from all claims that exceed the deductible,the probability that the claim is on a red car is
0.3*0.10*0.9 = 0.027 or 2.7%
To make 5.6e12 standard you simply move the decimal place right 12 times
5,600,000,000,000
5 Trillion 600 billion
