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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Some of the mergers and acquisitions of Tesla company includes:
- SolarCity
- Perbix
- Compass Automation
- Maxwell Technologies, etc
<h3>What is a Merger?</h3>
This refers to the transfer of ownership between different companies where one company and their operating units are consolidated.
Some of the problems and internal challenges faced by Tesla during these mergers and acquisitions include:
- They were making too many mergers at the same time
- They spent over $2.80 billion on the acquisitions
- They alienated themselves from other carmakers who were partnering and merging, etc
The size of the market and the growth strategy of Tesla company is:
- Their target is to produce as many affordable cars as possible
- They want to use their own technical know how and that of others to produce more eco-friendly cars
- The growth strategy is to become one of the trusted and safest car brands in the world.
Read more about mergers and acquisitions here:
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I think it would be this answer
the people working to develop the communityb.bike paths and storesc.solar powerd.the idea to develop the housing community
