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:
<h2>10/16=5/8 </h2>
<h3>Option C is correct.....</h3>
Answer:
31
Step-by-step explanation:
(-1-2)^2+(-5-1)^2
(1+4)+(25+1)
5+26
31
525/2 is the answer to your question. which may be a little bit of a larger fraction than normal
Answer:
There are 30 temporary employees
Step-by-step explanation:
<em>To find </em><em>x% of quantity A</em><em>, multiply x% by A after change x% to the normal number by divide it by 100 ⇒ </em><em>(x ÷ 100) × A</em>
Let us use this rule to solve the question
∵ The local water slides have 100 employees
∵ 30% of them are temporary
∴ The number of temporary employees = 30% × 100
∵ 30% = 30 ÷ 100 = 0.30
∴ The number of temporary employees = 0.30 × 100
∴ The number of temporary employees = 30
∴ There are 30 temporary employees
