Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.
Answer:
so the first one is: representative sample
the second one: population
the third one: not a representative sample
Step-by-step explanation:
Goodluck
Answer:
- After 17 years and 3 months
Step-by-step explanation:
<u>Given function:</u>
We are looking for the value of x at f(x) < 2000
<u>Solve the equation:</u>
- 2000 = 18000(0.88)^x
- (0.88)^x = 2000/18000
- (0.88)^x = 0.1111
- log (0.88)^x = log 0.1111
- x = log 0.1111 / log 0.88
- x = 17.18
After 17 years and 3 months the car value drops below $2,000
Step-by-step explanation:
that square of 2 irtional
:))))))))))
Answer:
28 cm
Step-by-step explanation:
