function is more important than its value. hope this helps mark me brainliest
Answer:
Explanation:
The expected value is calculated by using the probability of each event. If the chance of dying is 0.60% then the chance living is 99.40%. The expect value formula is:
∑[(xi)*P(xi)] (for all i events).
In this problem we have two events: live or die. If the person dies the family receives $1,000,000 (X1=$1,000,000) and if the person lives the family receives $0 (X2=$0). The probability of receiving $1,000,000 is 60% (P(x1)=0.006) and the probability of receiving $0 is 99.40% (P(x2)=0.994)
Using the formula the expected value of the policy (without the insurance cost):
$1,000,000* (0.006)+ $0*(0,994)= $6,000
If we subtract the insurance value:
$6,000-$5,500= $500
Answer:
B) the same level of output per person as before.
Explanation:
In the Solow growth model, the economy reaches a steady state level of capital regardless of the starting level of capital. This steady state occurs when capital per worker is constant. Therefore after the war, the level of output should return to its normal level since the savings rate is constant and hasn't changed. This model assumes that a constant fraction of capital will always wear out, increasing the capital-labor ratio, therefore the population must grow or new technologies must be introduced to reach the steady state.
<span>In doing a presentation, budgeting ones time
is very significant. Budgeting time for a presentation can be the period of
preparation or it can be the allotment of time for the presentation itself.
During the planning period, of course it is necessary to be ready for the content
and visual of the presentation. Plan ahead of time and not just do everything
overnight. With regards to the presentation, it depends on the time given to
you as a speaker. Just be sure that the body or content of your presentation
must be longer compared to the introduction and conclusion. It does not need to
be lengthy but it must contain the important details of your topic. </span>
Answer:
Reserve. resource
Explanation:
concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.
