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: The graph of the function would move five units up on the vertical axis.
Step-by-step explanation:
Answer:
idk
Step-by-step explanation:
idk just responding
for points
Answer:
Step-by-step explanation:
The closed dot at (0, 9) indicates that that's where the graph begins. The arrow at the other end indicates that it has no end. Since the domain covers x values only (NOT Y VALUES!), we only need be concerned with the x values. It starts at x = 0 and never ends, so the domain is properly stated as
{x | x ≥ 0}