Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
Answer:
y is 1 and x is 4
Step-by-step explanation:
becasue the y intercepts at 1 and the x intercepts at 4
Answer:
x = 2y
x - 8 = y + 6
replace x by 2y in the second equation
2y - 8 = y + 6
y - 8 = 6
y = 14
x = 2*14 = 28
Kendra had $28 and Kareem had $14.
Answer:
Height is 10 units
Volume is 785 cubic units
Step-by-step explanation:
We are given;
Diameter of a cylinder as 10 units
But, radius = d/2
= 5 units
Height is twice its radius,
Thus, Height = 10 units
We can get the volume;
Volume of a cylinder = pir²H
Taking pi to be 3.14
Then;
Volume = 3.14 × 5²× 10
= 785 cubic units
Thus, the volume of the cylinder is about 785 cubic units
