Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
Answer:
a
two triangles with dimensions of 1 ft by 3 ft and a rectangle with dimensions of 4 ft by 3 ft
43 tens x 3 tens is 129 hundreds
6 feet * 7 feet = 42 feet²
18 feet * 21 feet = 378 feet²
42 feet² was painted for $52
1 feet² will be painted for $52/42
378 feet² will then be painted for: ($52/42) * 378
= $468
Hence 18 feet by 21 feet will be painted for $468
Hope this helps.
The number is -1.
5x+2 = x-2
X=-1
