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:
1 kilometer
0.621371 miles
Step-by-step explanation:
Given data
In the given table we are presented with the conversion table for common units and we are required to present the conversion for kilometers to miles
Hence the conversion from kilometers to miles is presented below
1 kilometer
0.621371 mile
A. The recipe required 3/4 cup of sugar and 1/8 cup of butter.
The ratio of the sugar to butter in the original recipe is
B. If Travis accidentally put a whole cup of butter in the mix, then he needs to put
cup of sugar.
C. Travis has to put 1/8 cup of butter, but he put 1 cup of butter. The ratio is
If Travis wants to keep the ratios the same as they are in the original recipe, he needs to put 8 times more of all the other ingredients.
Answer: its 62
Step-by-step explanation:
Isolate the radical, then raise each side of the equation to the power of its index.