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zaharov [31]
3 years ago
6

Curling is a sport where teams slide stones on ice and attempt to hit targets. Teams consist of four players. Suppose that Bob,

Carol, Ted, and Alice are on a team. Bob and Carol have a 40% chance of slipping on the ice; Ted and Alice have a 20% chance. Each slip results in a bruise that costs $150 to treat.
If each member were offered bruise insurance, the premium would be $ (round your response to two decimal places)
Business
1 answer:
larisa86 [58]3 years ago
8 0

Answer:

Premium is likely to be $180.00

Explanation:

Two players have 40%  chance of slipping

Equally,two players have 20% chance of slipping

bruise cost per slip is $150

Premium=40% chance of slipping*bruise cost*2 players +20% chance of slipping*bruise cost*2 players

Premium=40%*$150*2+20%*$150*2

Premium=0.4*$150*2+0.2*$150*2

premium=$60*2+$30*2

premium=$120+$60

premium=$180.00

If the insurance company offers bruise insurance to the players ,the premium is likely to be in the region of $180.00

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1 year ago
g A monopoly may exist because Question 21 options: a) government has refused to grant a public franchise. b) one firm has the e
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Answer:

B. one firm has the exclusive ownership of a scarce resource.

Explanation:

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5 0
2 years ago
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The missing options in the questions are

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Learn more about Entrepreneurship here:

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