NEXT Chapter 13, Section 13.1, Problem 019 A researcher took a sample of 10 year

Question

NEXT Chapter 13, Section 13.1, Problem 019 A researcher took a sample of 10 years and found the following relationship between 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. y=348.4-2.3x a. A randomly selected year had 24 major calamities. What are the expected average profits of U.S. insurance companies for that year? The expected average profits are exact number, no tolerance million

Explanation / Answer

x =24 i.e major calamities

y=348.4-2.3*x

thus, putting the value of x in this eqaution gives

y=348.4-2.3*24 =293.2

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.