Your company issues flight insurance. You charge $2 and in the event of a plane crash, you will pay out $1 million to the victim or his or her family. In 1989, the probability of a plane crashing on a single trip was 0.00000165. If ten people per flight buy insurance from you, what was your approximate probability of losing money over the course of 110 million flights in 1989? Round your answer to four decimal places. [Hint: First determine how many crashes there must be for you to lose money.]
Fill in the blank(s) with the appropriate word(s).
0.0019
Mathematics
You might also like to view...
Solve the problem.If an object is propelled upward with an initial velocity of 56 feet per second, then its height in feet after t seconds is given by h = 56t - 16t2. After how many seconds will the object reach its maximum height? Round your answer to the nearest tenth.
A. 0.9 seconds B. 0.6 seconds C. 1.8 seconds D. 1.4 seconds
Mathematics
Based on the graph, find the range of y = f(x).
A. [0, 6)
B. [0, ?)
C. [0, 6]
D. [0, 
]
Mathematics
Find a formula for the nth term of the arithmetic sequence shown in the graph.
A. an = n + 2 B. an = 4 - n C. an = n + 3 D. an = n - 4
Mathematics
Write an equation of the line.
A. y = -4x + 2
B. y = 
x + 2
C. y = 4x + 2
D. y = 4x
Mathematics