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Masja [62]
3 years ago
15

The differences between uninsurable and insurable risks

Business
2 answers:
Nastasia [14]3 years ago
5 0
Difference between uninsurable and insurable risks

Answer: The difference is the following: a risk is uninsurable when the insurance company cannot calculate the probability of the risk. On the other hand a risk is insurable if the insurance company has enough statistics to work out the probability of the risk.

I hope it helps, Regards.
Varvara68 [4.7K]3 years ago
3 0
Uninsurable risk is one where the insurance company cannot calculate the probability of the risk occurring which can happen due to numerous reasons. An insurable risk is one where the calculations can be made and the premium that gets paid is determined.
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In order to understand consumer purchasing patterns for Lay's chips, Frito-Lay market researchers are likely to use ________ bec
S_A_V [24]

Answer: (C) Data mining    

Explanation:  

 The data mining is one of the process that is specifically used for extracting the necessary data or information from the given raw data system and it specifically uses the mathematical analysis for driving the various types of patterns.

The data mining is also known as the knowledge discovering tool that is used for extracting the knowledge from the give data in an organization.

According to the given question, the Frito-lay market is using the data mining method for analyzing the lathe history from the given database. Therefore, Option (C) is correct answer.  

4 0
4 years ago
Should the law allow someone that becomes voluntarily incapacitated through intoxication or other means escape from a contractua
Svetach [21]
1. The law does not allow a person who becomes involuntarily incapacitated to escape his contractual responsibilities, they must be fulfilled unless it is proven that the disability does not permit full compliance under any circumstances.2. The statutory statutes of contractual responsibilities take into account whether a person is incapacitated or not. At the time of compliance with these statutes, the parties concerned must be aware of any inconvenience.If the disability arises after a contract has been signed, there are laws that govern according to the type of contract, the facts under which there are conflicts and the type of disability that exists, as well as the time it originated and its causes.
6 0
4 years ago
A produceer plans an outdoor regatta for April 28th. The cost of the regatta is $9,000. This includes advertising, security, pri
dalvyx [7]

Answer:

expected profit  = $6600

Explanation:

given data

cost of the regatta = $9,000

profit = $15,000

probability of rain =  0.35

to find out

the producer's expected profit

solution

we know that expected profit is express as

expected profit = profit if no rain - loss if rain     ..................1

put here value as here

expected profit = profit if no rain - loss if rain

expected profit = (100 - 35 % )  × $15000 -  35% × ($9000)

expected profit  = $6600

8 0
3 years ago
A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even
OleMash [197]

Ratio of contribution margin = ($275 - $187)/$275 = 32%

Break-even point in sales dollars = $345,600/0.32 = $1,080,000.

<h2>What is Break-even point?</h2>

The amount (total sales revenue) or output level (total units produced) at which a business has recouped all variable and fixed costs is known as the break-even point.

  • As a result of Total Cost Equals Total Revenue, there is no profit or loss at break-even.
<h3>How do you determine the break-even point in sales volume?</h3>

Three values must be known in order to calculate a company's breakeven threshold in sales volume:

  • a fixed price: Rent is one example of a cost that is not related to sales volume.
  • varying expenses costs, such as the price of producing the good, that are based on sales volume
  • Price at which the product is sold.

learn more about breakeven point at: <u><em>https://brainly.in/question/31484328?msp_srt_exp=6&referrer=searchResults</em></u>

#SPJ4

7 0
2 years ago
Read 2 more answers
if a company with multiple shareholding owners merged with another company, how would the merger affect the shareholders
grandymaker [24]

If the merge happens, shareholders of both companies will have a stake in the new one.

Merger announcements will specify what percentage of the combined company each group of shareholders will own  based on the deal's terms. Shareholders whose shares are not exchanged will find their control of the larger company diluted by the issuance of new shares to the other company's shareholders.

To know more about shareholders visit :

brainly.com/question/29803660

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6 0
1 year ago
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