Answer:
slope = if it were in an
Step-by-step explanation:
the graph is a negative and will therefore have a negative slope. to find the slope, pick a point on the graph and find the .
for instance, start with the point (0,1). Then go down 1 and left 2 to get to the next point on the graph (2,0). 1 is the "rise" and 2 is the "run" hence -1/2 being the slope.
you could also use the slope formula:
point 1: (0,1) (x₁ ,y₁)
point 2: (2,0) (x₂ , y₂)
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.