The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
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Answer:
disruption
Explanation: Disruption takes a left turn by literally uprooting and changing how we think, behave, do business, learn and go about our day-to-day. Harvard Business School professor and disruption guru Clayton Christensen says that a disruption displaces an existing market, industry, or technology and produces something new and more efficient and worthwhile. It is at once destructive and creative.
Answer: the correct answer is e. Normative myopia
Explanation:
It could occur because:
1. The belief that normative values do not apply to managerial decisions
2. The belief that facts and values can be separated in decision making
3. The belief that normative values are outside the realm of business.
'Marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by communicating offerings, delivering offerings, and creating offerings.
Marketing is the process of researching, creating and offering value to meet the needs of a target market for goods and services.
Despite its complexity, marketing boils down to four things: product, price, promotion and location. Tactics and channels change, but they are the concepts upon which everything else evolves, the principles that never change. Some models extend these basic principles to 7 hp or other variations.
Marketing attribution is the practice of evaluating the marketing touchpoints a consumer encounters along the way to purchase. The goal of attribution is to determine which channels and messages had the greatest impact on conversion decisions or desired next steps.
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The team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team
<h3>Who is a
Functional team?</h3>
A Functional Team refers to a group of people with a common functional expertise who are working toward shared objectives (which is to produce an entire product.)
In conclusion, the team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team
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