Answer:
$1,500
Explanation:
Given that,
A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 if the man's death occurs in the next year.
The probability that the company pays nothing is 0.94 and there is 0.06 probability that the company pays $25,000.
So, on an average expected loss is as follows:
= 0.94 × $0 + 0.06 × $25,000
= $1,500
Hence, the minimum amount that he can expect to pay for his premium is $1,500.
Negotiating prices!
(11.6.2017)
The scenario illustrated by the company is related to promotion in marketing mix.
<h3>What is promotion?</h3>
It should be noted that promotion is the marketing communication that's used to inform the audience about a good.
In this case, since the companies use online advertising campaigns and contests to help develop better goods, services, or ideas. This depicts promotion.
Learn more about marketing on:
brainly.com/question/25754149
Bobby is the person on the team who receives the lowest customer service ratings. This problem can be solved by using a simple logic of a sentence sequence. In this sequence, Bobby has never outperformed anyone and Hector has outperformed everybody in the statement. Therefore, we can conclude that Bobby has the lowest rating of all.
Answer:
direct material, direct labor, and variable manufacturing overhead
Explanation:
Under variable costing of the product cost, it includes only three costs i.e direct material cost, direct labor cost, and the variable manufacturing overhead
In mathematically,
Product cost = Direct material cost + direct labor cost + variable manufacturing overhead
And, in case of the period cost, it includes fixed manufacturing overhead, variable selling, and administration expenses, and fixed selling and administration expenses