TutorTeddy.com, Tutoring, Dallas, TX
Like us for free help*

Welcome to TutorTeddy.com

Ask any Statistics/Probability/Math Question

A dump of our free Chat sessions, in case it is useful. It excludes white boards used during paid sessions.

tutor2 : Hello Student, May I help you with your Math problems?
student : YES!
tutor2 : math problem ?
student : Jim has a 5-year-old car in reasonably good condition. He wants to take out a $60,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the year in which it is x years old is as follows:
x = age 5 6 7 8 9
P (accident) 0.01182 0.01282 0.01386 0.01513 0.01602
Jim is applying to a car insurance company for his car insurance policy. If the car insurance company wants to make a profit of $700 above the expected total losses $4179, how much should it charge for the policy?

student : i don't even know how to begin to solve this
tutor2 : pls. wait.
tutor2 : it is a big problem , pls. send it to tutor@aafter.com , our experts will reply u asap.
student : okay, thank you

TutorTeddy.com & Boston Predictive Analytics

[ Email your Statistics or Math problems to tutor@aafter.com (camera phone photos are OK) ]

Boston Office (Near MIT/Kendall 'T'):
Cambridge Innovation Center,
One Broadway, 14th Floor,
Cambridge, MA 02142,
Phone: 617-395-8864

Dallas Office (Near Galleria):
15950 Dallas Parkway,
Suite 400,
Dallas, TX 75248,
Phone: 866-930-6363

Copyright 2011 tutorteddy.com. All Rights Reserved. | By using our site, you agree to our TOS.