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:
(X+8)(x-10
Step-by-step explanation:
The middle number is -2 and the last number is -80.
Factoring means we want something like
(x+_)(x+_)
Which numbers go in the blanks?
We need two numbers that...
Add together to get -2
Multiply together to get -80Try 8 and -10:
8+-10 = -2
8*-10 = -80
Fill in the blanks in
(x+_)(x+_)
with 8 and -10 to get...
(x+8)(x-10)
Number 1 is 48,
Number 2 is 9.375
Number 3 is 1.6
Number 4 is 6
