Chapter 13, Section 13.1, Problem 019 A researcher took a sample of 10 years and

Question

Chapter 13, Section 13.1, Problem 019 A researcher took a sample of 10 years and found the following relationship between x and y, where x is the number of major natural calamities (such as tornadoes, hurricanes, earthquakes, floods, etc.) that occurred during a year and y represents the average annual total profits (in millions of dollars) of a sample of insurance companies in the United States. 340.5 -3.0x XIncorrect a. A randomly selected year had 24 major calamities. What are the expected average profits of U.S. insurance companies for that year? 297.8 The expected average profits are million. exact number, no tolerance

Explanation / Answer

the expected profiles will be given as 340.5-3*24=268.5. this is got my inserting the value of x in the above equation

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---