Answer:
O
Step-by-step explanation:
the answer is 0
Answer:
a) 0.0002
b) 0.0057
c) 0.0364
Step-by-step explanation:
Lets start by stating the probabilities of a person belonging to each policy:
Standard: 0.3
Preferred: 0.5
Ultra- Preferred: 0.2
The probability of person belonging to each policy AND dying in the next year:
Standard: 0.3 x 0.015 = 0.0045
Preferred: 0.5 x 0.002 = 0.001
Ultra- Preferred: 0.2 x 0.001 = 0.0002
a) The probability a ultra - preferred policy holder dies in the next year is 0.001. To find the probability of a person being both a ultra - preferred policy holder AND die in the next year is: 0.001 x 0.2= 0.0002
b) The probability is given by adding the probabilities calculated before :
0.0045 + 0.001 + 0.0002 = 0.0057
c) We use the results above again. This is 0.0002 / (0.001 + 0.0045). The answer comes out to be 0.0364
Answer:
im so sorry i dont know what this is about i suck at math but best of luck to you
Step-by-step explanation:
Answer:
V(t) = 2500(0.86)^t where t = the year.
Step-by-step explanation:
Each year the value will be 100 - 14 = 86% ( - 0.86) of the previous year.
