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3 years ago

The premium of a health insurance plan refers to the

Business

2 answers:

daser333 [38]3 years ago

5 0

Total Cost of Insurance Coverage

pishuonlain [190]3 years ago

3 0

Answer:

Total Cost of Insurance Coverage

Explanation:

Health insurance (also called medical insurance or medical expense insurance) is a contract between you and an insurance company.

In exchange for you making the premium payments, the health insurance company agrees to pay the medical expenses that you may incur under the terms of the contract.

Health insurance is essential in these times, since a simple accident or serious illness could end your savings and sink you into debt.

There are many reasons to purchase medical insurance for you and your family, but this is the most important, because medical expenses can reach tens of thousands of dollars or more for a simple injury or illness.

In addition, hospitalization and injury treatment costs continue to grow at a rate that exceeds inflation.

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1) The defect rate for your product has historically been about 2.00%. For a sample size of 300, the upper and lower 3-sigma con

Sphinxa [80]

Answer:

UCL= 0.044

LCL=-0.004

Explanation:

Use following formula to calculate the UCL and LCL

UCL = p + z $\sqrt{\frac{p(1-p)}{n}}$

Where

P = defect rate = 2% = 0.02

z = sigma control chart limit = 3

n = samploe size = 300

PLacing values in the formula

UCL = 0.02+3 $\sqrt{\frac{0.02(1-0.02)}{300}}$

UCL = 0.02 + 3 x 0.008082904

UCL = 0.02 + 0.024248711

UCL = 0.044248711

UCL = 0.044

Now calculate LCL using folllowing formula

LCL = p - z $\sqrt{\frac{p(1-p)}{n}}$

Where

P = defect rate = 2% = 0.02

z = sigma control chart limit = 3

n = samploe size = 300

PLacing values in the formula

LCL = 0.02 - 3 $\sqrt{\frac{0.02(1-0.02)}{300}}$

LCL = 0.02 - 3 x 0.008082904

LCL = 0.02 - 0.024248711

LCL = -0.004248711

LCL = -0.004

4 0

2 years ago

ash Flows from Investing Activities During the year, Murray Company sold equipment with a book value of $125,000 for $175,000 (o

NeTakaya

Answer:

Investing cash flow from current year = -$250,750. This means that the company invested $250,750 in purchasing new equipment and land during the year.

Explanation:

cash flow from investing activities = money received from the sale of assets - money spent purchasing new assets

money received from the sale of assets = $175,000
money spent purchasing new equipment = plant & equipment year 20x1 - plant & equipment year 20x2 + cost of old equipment = $1,000,000 - $1,025,000 + $225,000 = $200,000
money spent purchasing new land = land 20x2 - land 20x1 = $725,750 - $500,000 = $225,750

Cash flow from investing activities = $175,000 - $200,000 - $225,750 = -$250,750

5 0

2 years ago

Why businesses and entrepreneurs are more likely to voluntarily undertake the projects that consumers value highly relative to p

olga nikolaevna [1]

Businesses and entrepreneurs are more willing to take up projects with high relative profit because they are looking for profits.

Explanation:

The government sponsored projects which are on offer do not generate as much revenue for a firm that they can earn for a similar project in which the per unit cost of production will be covered better as the consumer will be paying them more.

In government funded projects, they will not receive enough benefits from the government to cover their costs and justify the price drop which comes with people expecting lower rates from products associated with the work of the government.

Thus is it viable to work on private projects more.

3 0

3 years ago

A local citizen donated land with a fair market value of $500,000 to the county government. The donor had paid $550,000 for the

Diano4ka-milaya [45]

Answer:

C) $650,000

Explanation:

Government entities should record their assets at fair market value, not at cost basis. They should also include the land improvements as part of the total value of the land:

total value of the land = $500,000 (donated land) + $150,000 (land improvements) = $650,000

6 0

2 years ago

Read 2 more answers

Tax cuts increase consumer incentive to save. which determinant(s) of aggregate demand cause the change?

Sidana [21]

In the given problem above, what will most likely happen if the tax cuts increase consumer incentive to save is that the aggregate demand will likely change as it will increase in the given situation, mainly because of the tax cut in which it will consume or spend the money earned.

8 0

3 years ago