I don’t have the time for my birthday but I’m just asking for a little
Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
Answer:B
Step-by-step explanation:
25.83 x 6 = 154.98
If the purchased television is 245.95 and you make 6 payments that total in
154.98 dollars, the down payment will be what is left.
40.25% = 0.4025
245.95 x 0.4025 = 98.99
98.99 dollars off the original price.
245.95 - 98.99 = 146.96
The down payment made the total come to 146.96.
146.96 + 154.98 = 301.94
The total amount paid is 301.94 including charge and down payment.
C=300+1200x-100x. Find x if the total cost is 3,000
3,000 = 300 + 1200x -100x
3000 = 300 + 1100x
2700 = 1100x
2700÷1100=x
x=27/11
x = 2 5/11
Round to 3