When the insurance company want a plan with a deductible of $4,000, they need to charge a minimum of $18000 for premiums.
<h3>What is a deductible?</h3>
It should be noted that a deductible simply means the amount of money that is paid out of the pocket of the policy holder.
From the information given, each accident costs $18,000 on average. Therefore, this is the minimum amount of premium.
When they want a plan with a premium of $1,000, the amount that they'll need to charge for deductibles will be:
= (4000/18000) × 1000
= $220
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Answer:
y = 1/2x + 2
Step-by-step explanation:
y = 1/2x + b
3 = 1/2(2) + b
3 = 1 + b
2 = b
We can figure out how long Michael's trip took by realizing that 30 mph is 3 times 10 mph. Because of this, the trip home will take 1/3 the amount of time it took to go up the hill. This makes the equation 24 + 8 = 32 minutes for the whole trip.
Now we need to figure out how long the trip was. We can do this by multiplying 10 minutes by 24/60, which equals 4. This means that Michael went 4 miles there, and 4 miles back. So Michael went a total of 8 miles.
Now we know that Michael went 8 miles in 32 minutes. Now, we multiply 8 by 60/32. This gives us 15, so Michael went 15 miles per hour on average in the trip.
Answer:
5
Step-by-step explanation:
Parallel lines have same slope.
So, slope of required line = 5
Answer:
The unemployment rate would be 5.5%.
Step-by-step explanation:
It is given that,
The Canadian labor force as of 2019 was 32.7 million.
There were 30.9 million employed
We need to find the unemployment rate.
Unemployed = labor force - employed
= 32.7 - 30.9
= 1.8 million
So, the unemployment rate would be 5.5%.
