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3 years ago

A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as a(an):

Business

1 answer:

Tom [10]3 years ago

4 0

Answer:

A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as Lifetime Limit Policy.

Explanation:

This policy is also know as Lifetime Maximum Benefit or Maximum Lifetime Benefit Policy where an insured individual will get paid the maximum amount of any health plan during his entire lifetime.

This policy has proved much beneficial for the people because they get a sign of relief without any kind of worry, if their medical treatment exceeds their allocated or allowed limit.

These policies particularly are limited only to the essential medical services, but here it needs to be defined what does this essential services means. Because the services considered as essential by one person might not be of the same importance for another person.

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According to a survey of American households: The probability that a household owns 2 cars, if annual income is over $25,000, is

vladimir1956 [14]

Answer: 0.48

Explanation:

P(A/B) = P(AnB)/P(B) where:

P(A/B) = The probability of event A occurring given that B has occurred.

P(AnB) = The probability of both events A and B occurring.

P(B) = the probability that event B occurs.

So let

P(A) = Probability that the residents of a household own 2 cars.

P(B) = Probability that the annual household income is greater than $25,000.

The question tells us that

P(A/B) = 0.8

Note that: P(A) = 0.7, P(B) = 0.6.

Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.

We would Rearrange our initial equation to make P(AnB) the subject formula becoming;

P(A/B) = P(AnB)/P(B)

P(B)*P(A/B) = P(AnB)

So, inserting our probabilities into this equation gives:

0.6*0.8 = 0.48

8 0

2 years ago

If national unemployment is at 15% the government should adopt ___ fiscal policy.

san4es73 [151]

Answer:

c. expansionary.

Explanation:

the goal of expansionary fiscal policy is to reduce unemployment. therefore the tools would be an increase in government spending and/or a decrease in taxes.

3 0

2 years ago

Apple, Dell, Seagate, and other U.S. companies have been criticized for sending manufacturing jobs to other countries to cut dow

Alja [10]

Answer:

offshoring

Explanation:

buisness process from one to another

7 0

2 years ago

What experiences have led you to choose a certain career?

Alex17521 [72]

Answer:

From a personal experience they're a lot of moments in my life that led up to my decision to choose my career. From being constantly told that I was really good at something and that I was made for this certain career path, and just influences from others who are in the same work I am in and how good they were at their job and inspiring me to be just like them. All of those together helped influence me to choose the career that I am now working hard everyday to make sure I achieve success in.

Hope this helps.

3 0

2 years ago

What are OPR sanctions

Arada [10]

OPR stands for Office of Professional Responsibility. OPR is a governing body that announces disciplinary sanctions. The OPR sanctions involves attorney, certified public announcements, appraisers, etc. OPR sanctions are disciplinary sanctions that are imposed when any violation of applicable standards occur.

4 0

2 years ago