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) (![\sqrt[n]{x}](https://tex.z-dn.net/?f=%5Csqrt%5Bn%5D%7Bx%7D)
) the n will be 5 the x will be (-32/243)^2.
b) written the same as a. except the c will replace the n and x will be (2y)^b.
c) the answer will be 0.4^3.
d) the answer would be (st)^v/u.
Hope this helps!
Brainliest?
