1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dafna11 [192]
3 years ago
8

The law of large numbers says that when many people are insured, the probability distribution of the losses will assume a normal

probability distribution, a distribution that complicates pricing in life insurance. allows accurate predictions. hinders accurate predictions. is difficult to work with.
Business
1 answer:
Dahasolnce [82]3 years ago
6 0

Answer:

allows accurate predictions.

Explanation:

The law of large numbers  states that the larger the amount of policy holders, the probability distribution of the number of claims (losses for the insurance company) will be shaped like a normal distribution. This allows the companies to make more accurate predictions about the future number of claims.

In statistics, the law of large numbers states that as the sample size increases, the mean will be much closer to the real mean of the total population.

You might be interested in
Techniques to increase productivity in the performance of discrete tasks, by requiring less human labor in each step of the prod
goldfiish [28.3K]
I think it’s C !!!!!!!!!!!!!!!!!
7 0
3 years ago
A diet is to contain at least 3640 mg vitamin C, 2190 mg Calcium, and 2170 calories every day. Two foods, a dairy-based meal and
vovangra [49]

Answer:

(A) 73 ounces of diary-based meal and 28.8 ounces of the vegan option.

(B) The minimum cost per day is [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

Explanation:

First thing to note is that the dairy-based meal costs less than the vegan option. In otherwords, if you're to minimize cost, you should purchase as many ounces of dairy-based meal as possible. This is the first mindset or step.

What the diet should contain everyday:

3640mg - Vitamin C

2190mg - Calcium

2170 - Calories

DAIRY BASED:

(40 × 91 = 3640), (30 × 73 = 2190), (10 × 217 = 2170)

VEGAN OPTION:

(60 × 60.67 = 3640), (30 × 73 = 2190), (50 × 43.4 = 2170)

Getting 73 ounces of dairy-based meal, you have

(40 × 73), (30 × 73), (10 × 73) = 2920mg, 2190mg, 730 calories.

You have left 720mg of Vitamin C and 1440 calories to obtain from the Vegan Option.

(60 × 12 = 720), (30 × 0 = 0), (50 × 28.8 = 1440)

The highest quantity needed here is 28.8 ounces of calories from the vegan option, hence 28.8 ounces of the vegan meal should be purchased. There will be excesses of Vitamin C and Calcium but that is necessary in order to purchase the stipulated minimum amount of each nutrient.

The minimum cost per day will now be [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

8 0
3 years ago
For an entire economy, the production possibilities frontier is going to be bowed out because?
irga5000 [103]

Because not all resources are equally well suited to producing both consumer and capital products, the production possibilities frontier would probably be reached.

What is Economy?
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasises the actions, conversations, and outward expressions related to the production, use, and management of finite resources. The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organisation, political structure, legal system, and availability of natural resources. These elements set the guidelines and conditions that govern how an economy functions in addition to giving background and substance. To put it another way, the economic sphere is a social area made up of interconnected human interactions and behaviours that are dependent on one another.

To learn more about Economy
brainly.com/question/17996535
#SPJ4

4 0
1 year ago
Wanda green wants to take out a 4 year loan to purchase a car. what type of computation would she use to calculate her monthly p
sashaice [31]

The answer is <u>"Present value of an annuity".</u>


The present value of annuity formula determines the estimation of a progression of future occasional installments at a given time. The present estimation of annuity recipe depends on the idea of time estimation of cash, in that one dollar show day is worth more than that same dollar at a future date.  

Similarly as with any financial related formula that includes a rate, it is critical to ensure that the rate is reliable with alternate factors in the equation. In the event that the installment is every month, at that point the rate should be every month, and likewise, the rate would should be the yearly rate if the installment is yearly.

6 0
3 years ago
Incoterms can be applied to which mode of transportation ?
meriva

Answer:All modes of transportation.

Explanation:Incoterms which is called international commercial terms developed by the international chamber of commerce to define the terms of trade and commercial activities, they are generally accepted and recognised by the Law courts and commercial laws in the most parts of the world. International commercial terms helps to guide procurement processes and trade.

It can be applied in all modes of transportation.

5 0
3 years ago
Other questions:
  • Peterson Company's general ledger shows a cash balance of $7,440 on May 31.
    10·1 answer
  • At the lowest price for jeans consumers will demand the ___ jeans and Producers Supply the ___ jeans
    9·1 answer
  • Given the data below, if the cost of a factory adjustment is $7.50, when is it more
    9·1 answer
  • When you organize an analytical report indirectly, in what order should the ideas be presented?
    7·1 answer
  • What percentage does a bank expect you to put down on a house
    5·2 answers
  • A 2001 harris poll of 1011 randomly selected american adults found that 25% were cigarette smokers. a sample of the same size in
    5·1 answer
  • Which one of the following statements related to the internal rate of return (IRR) is correct? Multiple Choice Financing type pr
    11·1 answer
  • Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.
    12·2 answers
  • ILL GIVE BRAINLIEST!! HELP ASAP!!
    9·2 answers
  • The Project Management Body of Knowledge Guide definition of a project indicates that a project is:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!