Answer:
Avicenna can expect to lose money from offering these policies. In the long run, they should expect to lose ___33__ dollars on each policy sold
Step-by-step explanation:
Given :
The amount the company Avicenna must pay to the shareholder if the person die before 70 years = $ 26,500
The value of each policy = $497
It is given that there is a 2% chance that people will die before 70 years and 98% chance that people will live till the age 70.
The expected policy to be sold= policy nominal + chances of death
= 497 + [98% (no pay) + 2% (pay)]
= 497 + [98%(0) + 2%(-26500)]
(The negative sign shows that money goes out of the company)
= 497 - 2% (26500)
= 497 - 530
=33
Therefore the company loses 33 dollar on each policy sold in the long run.
You take the first number 261 then take the second number 76 times them together and you will get 19,836
Step-by-step explanation:
time ∝ number of door 1
time . ∝ 1/number of people. 2
compare equation 1 and 2
time . ∝ number of door / number of people
put k as constant
time = k number of door / number of people. 3
time =2. people=4 door = 10
putting in equation 3
2 = k (10)/(4)
2×4/10 = k
8/10 =k
4/5 =k
putting in equation 3
time= 4/5 number of door / number of people
now time =5 door= 25 people=?
5=4/5 (5)/ (number of people)
number of people =4/5 ×25/5
number of people= 4
Answer:
3/4.
Step-by-step explanation:
The mean is 1/2*(1/2 + 1)
= 1/2 * 3/2
= 3/4.
