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BaLLatris [955]
3 years ago
10

An auto insurance company is implementing a new bonus system. In each month, if a policyholder does not have an accident, they w

ill receive a cash-back bonus of 5 from the company. Among the 1000 policyholder of the auto insurance company, 400 are classified as low-risk drivers and 600 are classified as high-risk drivers. In each month, the probability of zero accidents for high-risk drivers is 0.80 and the probability of zero accidents for low-risk drivers is 0.90. Calculate the expected bonus payment from the company to the 1000 policyholders in one year.
Business
1 answer:
andrey2020 [161]3 years ago
7 0

Answer:

50,400

Explanation:

Using application of total expectation, E;

N= Number of policy holders who have zero accidents in one month

P= Probability

N|Low = 400

N|High=600

P|Low=0.9

P|High=0.8

Therefore E = (N|Low*P|Low)+(N|High*P|High)

E=(400*0.9)+(600*0.8)

E=360+480

E=840

Then Total bonus for the year B

B= E*12*5

B=840*12*5

B=50,400

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Answer:

1. To encourage various groups to come forward and report fraud, Dodd-Frank extended whistle-blowing privileges and rewards to which of the following?

D. <u>All of these are correct.</u>

2. Whistleblowers who meet the criteria are eligible to receive an award based on what was collected as a result of the monetary sanctions. This can vary from_________.

a. <u>1 to 10 percent.</u>

<u></u>

Explanation:

<em>In whistleblowing against a fraud in a company or an organization, the maximum amount which the whistleblower can receive is 10% of the money recovered (or involved) while the least amount would be 1% of the said recovered money</em>

7 0
3 years ago
If a payback period for a project is greater than its expected useful life, the project's return will always exceed the company'
Rudiy27

Answer:

entire initial investment will not be recovered.

Explanation:

Payback period is one of the methods used in capital budgeting.

Payback period calculates how long it takes for the amount invested in a project to be recovered from its cummulative cash flows.

For example, if a project costs $360 and the cash flow each year for its 6 years useful life is $120. The amount invested would be gotten back from the cummulative cash flow in 3 years.

But if a project costs $360 and the cash flow each year for its 2 years useful life is $120. The amount invested would never be gotten back the cummulative cash flow. Therefore, the entire investment amount will never be entirely recovered.

The project will always not be profitable

I hope my answer helps you.

3 0
3 years ago
A telephone customer service center wants to ensure that the majority of its customers’ calls are answered within a reasonable a
mr_godi [17]

Answer:

The Capability Index for this process is 1.04. The right answer is B

Explanation:

According to the given data we have the following:

μ = 31 Seconds

USL = 45

LSL = 10

Standard deviation σ= 4.5

Therefore, in order to calculate the Capability Index for this process we would have to use the following formula:

Cpk=Min<u>( USL-μ</u>  ,  <u>μ- LSL</u>)

               3×σ            3×σ

Cpk=Min<u>( 45-31</u>  ,  31<u>- 10</u>)

               3×4.5      3×4.5

Cpk = Min ( 1.04,1.56) = 1.04

The Capability Index for this process is 1.04

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3 years ago
Mr. Rodriguez is caring his suitcase to his room. He sees a sign indicating that elevators are ahead. Now, he knows where he is
DiKsa [7]

Answer:poop

Explanation:

4 0
2 years ago
Which activity might require you to provide your social security number? A)Starting a new job. B)Boarding an airplane. C)Buying
natka813 [3]

You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.

A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.

<h2>Further Explanation</h2>

The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.

If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.

This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.

However, you will be required to provide your social security number in the following scenarios:

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  • When you need to get a driver’s license and many more

LEARN MORE:

  • Which activity might require you to provide your social security number  brainly.com/question/9197489
  • Which activity might require you to provide your social security number?  brainly.com/question/3852479

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3 0
3 years ago
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