Question

Question 3 View Policies Current Attempt in Progress s Aresearcher took a sample of 10 years and found the following relationship between x andy where is the number of m ornatural calamities (such as tornadoes, hurricane food, etc) that occurred during a year andy represents the average arvual total profits in millions of dollars of a sample of insurance companies in the United State. 9 - 330.7 - 1.8x a. A randomly selected year had 24 major calamities. What are the expected average profits of US Insurance companies for that year? The expected average profits are i million b. Suppose the number of major calamities was the same for each of 3 years. Do you expect the average profits for all U.S. Insurance companies to be the same for each of these 3 years? Yes, the average profits will be the same for each of these three years No, the given equation provides an estimate of the average prohts, not the exact amount c. is the relationship between x and y exact or nonexact? escact nonexact 10 11/10/2019 о в евро от earch hp

Answer 1

solution . Given that * A researcher took a sample 10 years ` = 330.7-1.92 (a) we find expected profits Here x=ay use above equation y = 330.)-1.8x = 330.7-1.8X(24) - 330-7-43.2 expected profit = 287.5 $938) milion (b we find expect profits for us insurience companies to be the same for each of 3 years * No, the given equation provides an estimate of the average profites not exact amount. (es we find a and a relationship ock Nonexact.