Two cups in a pint,at least here in the us
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The answer is: <u>2(k2−4k)(2c+5)</u>
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Step:
* Consider 2ck2+5k2−8ck−20k. Do the grouping 2ck2+5k2−8ck−20k=(2ck2+5k2) +(−8ck−20k), and factor out k2 in the first and −4k in the second group.
* Factor out the common term 2c+5 by using the distributive property.
* Rewrite the complete factored expression.
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Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
Answer:
300
Step-by-step explanation:
