In 2012's Superstorm Sandy, about 500,000 insurance claims were settled for approximately $7 billion. What was the average settlement amount?
the answer is $14,000, thanks for nothing Ms. Sue
To calculate the average settlement amount, you need to divide the total amount of settlements by the number of claims. In this case, the total amount of settlements was $7 billion, and the number of insurance claims settled was 500,000.
To calculate the average settlement amount:
Average settlement amount = Total settlements / Number of claims
Average settlement amount = $7,000,000,000 / 500,000
Average settlement amount = $14,000
Therefore, the average settlement amount for Superstorm Sandy in 2012 was $14,000.
You have two numbers. Do you think you should
add?
subtract?
multiply?
divide?
What is your answer? Is it reasonable?