Answer: 2.5 minutes per call
Step-by-step explanation:
This is a fraction equal to
50 minutes ÷ 20 calls
We want a unit rate where
1 is in the denominator,
so we divide top and bottom by 20
50 minutes ÷ 20
20 calls ÷ 20
= 2.5 minutes/
1 call
The number of accidents the company will have to pay out for is 1,750. If the payout for each claim (after deductibles) is $8,000, the company’s total payouts will amount to $14,000,000. If the company wants to keep a profit margin of 8%, the premium it must charge is $604.8. The company can set aside a maximum amount of $1,120,000 for this year’s investments.
1.) 25,000 policyholders x 7% accident rate = 1,750
2.) 8,000 payout x 1,750 number of accidents = 14,000,000
3.) 14,000,000 expense x (1 + 8% profit margin) = 15,120,000 / 25,000 policy holders = 604.8
4.) 8,000 x 8% profit margin = 640 (which is higher than the premium) x 1,750 numer of accidents = 1,120,000 (I'm not so sure with this one tho)
Answer:
its not correct i think
Step-by-step explanation:
Answer:

Step-by-step explanation:
Given the following question:
75% of 42
In order to find the answer, we use the formula to calculate percentage.



Which means 75% of 42 is "31.5."
Hope this helps.