Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:




The insurance company should charge $1,873.5.
Answer:
25%
Step-by-step explanation:
The formula for the volume of a cylinder is:

r is the length of the radius and h is the height. Plug in the given values:

To the nearest hundredth, the volume is 28.27 in³.