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Aleksandr [31]
3 years ago
14

Avicenna, a major insurance company, offers five-year life insurance policies to -65 year-olds. If the holder of one of these po

licies dies before the age of 70 , the company must pay out $24,200 to the beneficiary of the policy. Executives at Avicenna are considering offering these policies for $573 each. Suppose that for each holder of a policy there is a 2% chance that they will die before the age of and 70 a 98% chance they will live to the age of 70.
Mathematics
1 answer:
Alecsey [184]3 years ago
5 0

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

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Thanks for the help
Brrunno [24]
The answer is B.

In the question it says "the intercept of 6" which means the equation has to have +6 in the answer, and there is only one answer choice containing that.
4 0
3 years ago
What would Y be equal to in the problem 0.5x + 0.6y = 5.4
Alla [95]

Answer:

y = -\frac{5}{6}x + 9

Step-by-step explanation:

0.5x + 0.6y = 5.4

0.6y = -0.5x + 5.4

Multiply 10 on all sides.

6y = -5x + 54

Divide 6 on all sides.

y = -\frac{5}{6}x + 9

7 0
2 years ago
8 1/3 - 4 3/4 I will reward brainlyest
nasty-shy [4]

Answer:

The answer is 3 7/12 Hope this helps :)

Step-by-step explanation:

3 0
3 years ago
In the figure below, angle y and angle x form vertical angles. Angle x forms a straight line with the 50° angle and the 40° angl
Nataly [62]

Step-by-step explanation:

sorry but u should provide with a diagram for better understanding of ur question

7 0
3 years ago
For each triangle, find the value of x and find the missing angle​(s)
Vikki [24]

Answer:

71° = m∠G

54° = m∠T

10 = x

Step-by-step explanation:

Use the Triangular Interior Angles Theorem to figure this out:

180° = [7x + 1]° + [6x - 6]° + 55°

180° = [−5 + 13x]° + 55°

180° = [50 + 13x]°

-50° - 50°

____________

\frac{130°}{13} = \frac{[13x]°}{13} \\ \\ 10° = x

You then plug this back into all three expressions to get 71° as the measure of ∠G and 54° as the measure of ∠T.

I am joyous to assist you anytime.

8 0
3 years ago
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