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inn [45]
3 years ago
11

Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that there is o

ne chance in a thousand of a customer being injured or killed. Settlement of resulting lawsuits has an average cost of $850,000. Insurance with a $100,000 deductible is available. It covers the costs of lawsuits, unless there is evidence of criminal negligence. What is the expected loss without insurance?
Business
1 answer:
alina1380 [7]3 years ago
8 0

Answer:

Expected loss without insurance = $850

Explanation:

Given:

Probability to got injured or killed = 1 / 1000

Law suit average cost = $850,000

Deductible insurance = $100,000

Expected loss without insurance = ?

Computation of Expected loss without insurance:

Expected loss without insurance = Lawsuit average cost × Probability to get injured or killed

Expected loss without insurance = $850,000 × (1 / 1000)

Expected loss without insurance = $850

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aleksley [76]

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

5 0
3 years ago
The percentage of network programming on broadcast TV that involves sports is _______________________.
Dmitry_Shevchenko [17]

Answer: Fifty percent.

Explanation:

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3 years ago
Which investment has the least amount of risk?
wariber [46]

Standard deviation = $300, expected return = $5,000 has the least amout of risk.

If preserving capital is important to you, there are many options to consider when it comes to bonds and bond mutual funds. Low risk means low return, but many people, such as retirees and those who need access to savings for specific short-term needs, want some return to sleep at night. I think it's okay to withhold.

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3 0
1 year ago
Which resource management task determines the type, quantity, receiving location, and users of resources?
masha68 [24]

Answer:

D - identify Requirements

Explanation:

Identify requirements is a part of management task that is being done in order to obtain full information regarding the resources that can and will be available for the organization.This task is crucial and important

3 0
3 years ago
To determine the six-month interest payment amount on a bond, you would take one-half of the market rate times the face value of
MrRa [10]

Answer:

False

Explanation:

To determine the six month interest payment on a bond, you must multiply the face value of the bond times half the annual contract rate of the bond. The contract rate of the bond is the interest rate used to calculate the bond's coupon.

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3 0
3 years ago
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