Because we got five feet for two inches at preceding case that mean we had 2.5 feet for each inch by dividing 5 on 2 so that will give us the result 2.5 standing as well as that scale change from 2.5 to 3 for each inch in the new blueprint so by multiplying 3 feet by 2 inch that give us 6 feet width
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:
Maggie is 5 years old
Step-by-step explanation:
3M-4+M=16
add 4 to both sides
4M=20
Divide both sides by 4
20/4 = 5
M/Maggie is 5
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