Over 300 since a lot of people tend to use more than one
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Answer:
spread positive word of mouth
Explanation:
Reginald knows his regular customers create repeat business and spread positive word of mouth. This means that the repeat customers leave happy and tell their friends about the great experience they had at Reginald's restaurant. This creates enthusiasm in the repeat customers' friends which in term causes them to go to Reginald's business and try the food. This creates more repeat customers and increased profitability for Reginald's business.
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
<h3>What is confirmation bias?</h3>
The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
Learn more about confirmation bias here:
brainly.com/question/13044778
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Answer:
The expected gain per policy for the insurance company is $80
Explanation:
According to the given data we have the following:
Outcome death No death
Net gain $-9900 $ 100
Probability 0.002 0.998
Therefore, in order to calculate the expected gain per policy for the insurance company we would have to calculate the following formula:
Expected Gain = (-$9900)*(0.002)+($100)*(0.998) = -19.8+99.8= 80
Expected Gain=-$19.8+$99.8=
Expected Gain=$80
The expected gain per policy for the insurance company is $80
