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:
x=0,05555555... or x = 3/54 or x= 1/18
Step-by-step explanation:
81x-27x-3
54x=3
Answer:
a. the product of 11 and x
b. 9 greater than x
c. x less than 18
d. the product of 4 and the difference of x and 3
Step-by-step explanation:
Answer:
-85
Explanation:
Given the mathematical expression:
First, we recall the product of signs.
So, first, we open the bracket:
We then simplify:
The result is -85.
the Highest common factor of 130,260,390 = 130
130 = 2⋅5⋅13
260 = 2⋅2⋅5⋅13
390 = 2⋅3⋅5⋅13
Common multipliers (130; 260; 390): 2, 5, 13
Now to find the highest Common factor you need to multiply the common factors
Answer: (130 ; 260 ; 390) = 2 ∙ 5 ∙ 13 = 130
