Answer:
Avicenna can expect to lose money from offering these policies. In the long run, they should expect to lose ___33__ dollars on each policy sold
Step-by-step explanation:
Given :
The amount the company Avicenna must pay to the shareholder if the person die before 70 years = $ 26,500
The value of each policy = $497
It is given that there is a 2% chance that people will die before 70 years and 98% chance that people will live till the age 70.
The expected policy to be sold= policy nominal + chances of death
= 497 + [98% (no pay) + 2% (pay)]
= 497 + [98%(0) + 2%(-26500)]
(The negative sign shows that money goes out of the company)
= 497 - 2% (26500)
= 497 - 530
=33
Therefore the company loses 33 dollar on each policy sold in the long run.
Answer:
a c and d
Step-by-step explanation:
Y ≥ 2x-5
y-intercept is -5, from there go 2 up 1 over ( slope is rise over run)
greater than or equal so the line is connected
now find the shaded area by plugging in (0,0)
0 ≥2(0)-5
0 ≥-5 is correct so shade the area that to the left of the line, (the whole area that including (0,0))
y<-3x
y intercept is 0 so start from there and go down 3 right 1 (or go up 3 left 1)
broken like cause no or equal sign
the (0,0) is on the line so use (1,1) to find the answer
1<-3(1) is incorrect so shade the area that dies not include (1,1) or the entire area to the left of that line
you can see the section where both shaded area cross, thats the answer so erase every area you shaded that isn’t the answer so
THE ANSWER IS C
Answer: 4 Mph.
Step-by-step explanation: ...
