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:
14,800
Step-by-step explanation:
To find the volume of an object, simply multiply its hight, length, and width together.
16*25*37
16*25=400
400*37=14,800
The rectangular prism has a volume of 14,800.
Hope this helps!
4n² - 16n - 84 = 0
Multiply both sides by 1/4 :
n² - 4n - 21 = 0
Add 21 to both sides:
n² - 4n = 21
Complete the square by adding 4 to both sides:
n² - 4n + 4 = 25
(n - 2)² = 25
Solve for n :
n - 2 = ± √25
n - 2 = ± 5
n = 2 ± 5
Then n = 2 + 5 = 7 or n = 2 - 5 = -3.
B) <span>Stocks tend to be better long-term investments than bonds because bonds do not have the same growth potential that stocks do.</span>
