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
jolli1 [7]
3 years ago
9

A 20​-year-old woman wants to purchase a ​$100​,000 ​one-year life insurance policy. What should the insurance company charge th

e woman for the policy if it wants an expected profit of ​$50​?
Business
1 answer:
asambeis [7]3 years ago
3 0

Answer:

Hello some parts of the question is missing here is the missing part

Age          probability of female death

20              0.00060

30              0.00070

40              0.00095

50              0.00300

Answer : $110

Explanation:

Given that the woman is 20 years of age and wants to buy one-year life insurance policy the insurance company would have to charge her considering the probability of female death within 20 years of age

expected profit for insurance company = $50

cost of insurance = $100000

For the company to make a profit of $50 we make use of this relation

x * ( 1 - probability of female death at 20 ) - ( cost of insurance - x ) * probability of female death at 20  = 50

= x *( 1 - 0.00060 ) - ( 100000 - x ) * 0.00060 = 50

= x* ( 0.9994 ) - (60 - 0.00060 x ) = 50

= 0.9994 x - 60 + 0.00060 x = 50

hence x = 50 + 60 = $110

You might be interested in
Unlike households, governments are often able to sustain large debts. For example, in 2013, the U.S. government's total debt rea
nirvana33 [79]

Answer:

the dollar cost of the annual interest on the government's total debt assuming the interest rate and debt  is $356 billion

Explanation:

Dollar cost of annual interest on total debt = Total debt for the year x Average interest rate

= $17.3 trillion x 2%

= $17,300 billion x 2%

= $346 billion

This value is closest to option (2).

6 0
4 years ago
Johnston Chemicals' president is very excited about the possibility of the firm's British subsidiary having access to customers
iVinArrow [24]

Answer: Cultural factors

Explanation: Socio - cultural factors can affect the operations of companies that operate across various countries. Countries have different cultures and ways of doing things, so when a new company enters this country it needs to adapt to the culture of that country in order to become successful. The European Union (EU) consists of many different cultures. Because Johnston Chemicals is branching into the EU, the wide variety of socio - cultural, economic, technological, legal and political factors in each country will determine how the company will operate, and also how it can become one market over time.

6 0
3 years ago
Assume the price of product Y (the quantity of which is on the vertical axis) is $15 and the price of product X (the quantity of
Delicious77 [7]

Answer:

slope of the resulting budget line = \frac{1}{5} = 0.2

Explanation:

given data

price of product Y = $15

price of product X = $3

money income C = $60

to find out

absolute value of the slope of the resulting budget line

solution

we know here equation of resulting budget line is that is express as

AX + BY = C

here A and B are the quantity and X and Y are price and C is income

so

3 A + 15 B  = 60

so

the slope of the resulting budget line is

slope of the resulting budget line = \frac{3}{15}

slope of the resulting budget line = \frac{1}{5} = 0.2

8 0
3 years ago
Where should you be on the focus-chaos scale to benefit from this course?
Y_Kistochka [10]

Based on the focus-chaos scale, to benefit from any course, you have to be on the left side of the scale.

<h3>What is the focus-chaos scale?</h3>

This is a scale that is used to describe the focus and planning attribute of different types of people.

The people on the left are in the focus section and then to organize their lives well and embarked on planned activities. Youl'll have to lean towards this side to benefit from most courses as they require you to be organized in your learning.

The right side has the chaotic people who may not be organized, but someone find a way to live life successfully. It is harder to pass courses using this.

The complete question wasn't given so I gave a general discussion.

Find out more on the benefits of planning ahead at brainly.com/question/22829786

#SPJ1

8 0
2 years ago
Which of the following methods of suppressing a fire in a data center is the MOST effective and environmentally friendly?
-BARSIC- [3]

Answer:

The correct answer is letter "C": Dry-pipe sprinklers.

Explanation:

Dry-pipe sprinklers systems use pressurized nitrogen in front of fire emergencies where the closed pipe valves open. Compared to systems using water, for a data center, it will be better to use a dry system like this since computer devices damages will be reduced exponentially or in the worse scenario, there will be higher chances to recover the material on those devices.

4 0
3 years ago
Other questions:
  • What is the limitation of accounting?
    8·2 answers
  • All of the following are reasons a person might choose to work from home EXCEPT A. a Desire for more flexible hours B. the oppor
    5·2 answers
  • Because the demand for the matinee showing is ________________ elastic than the demand for the evening showing, the demand curve
    15·1 answer
  • Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April$35,00
    15·1 answer
  • Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cos
    9·1 answer
  • Risser Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ov
    14·1 answer
  • Which of the following strategies is used in the following ad:
    13·2 answers
  • Let's assume a project has high up-front costs, and high benefits that occur far into the future. If the project uses a lower in
    10·1 answer
  • What is market information?
    8·1 answer
  • What factors make capital appreciation bonds (CABs) a controversial method for local governments to finance projects
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!