(for my sister, again) what does 3.75 + blank = 2.685
2 answers:
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Plot these points
vertex: (-4,-7)
x intercepts: (-5.5,0), (-2.5, 0)
and those two other points
the graph should look something like this:
vertex: (-4,-7)
x intercepts: (-5.5,0), (-2.5, 0)
and those two other points
the graph should look something like this:
Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.