The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
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Answer:
Web Developer
Explanation:
Usually, it is a team of experienced individuals that come together to come up with a web page design and make it a reality. This includes designing, planning, coding, and implementing. Usually, these individuals have a general job title of Web Developer. Within this job title, the individuals are usually split up into different subcategories that focus on specific aspects such as Front-End Web designer, Back-End developer, Web Server Management, etc. Each of these focuses on a specific aspect of the webpage, usually due to having more experience with that part of the development process.
Answer:
The answer is: Both statements are correct
Explanation:
Only the NYSE has a physical trading floor which s located on the famous Wall Street in New York. Nasdaq trades only electronically.
Some firms that qualify for trading at the NYSE (they meet the listing requirements of the NYSE), choose to trade at Nasdaq.
The main difference between the NYSE and Nasdaq is that NYSE is an auction market (individuals can trade between each other on an auction basis) while Nasdaq is a dealer's market (participants trade through dealers).
Answer:
$66,000
Explanation:
The $60,000 paid as last month's rent will be reported as an asset, prepaid rent, and the deposit of $80,000 will be reported as an asset, deposits. The new walls and offices costing $360,000 will be capitalized as leasehold improvements and amortized over the 5-year term of the lease. Amortization will be $72,000 per year or $6,000 per month. As a result, Tell will report expenses in 20X0 of $60,000 in rent and $6,000 in amortization for a total of $66,000.
Answer:
Primary data
Explanation:
Primary data is information collected by a researcher from the field for the first time. The tools used to collect primary data are designed to address a particular problem. Consequently, the gathered information will be relevant to solving the problem at hand. Primary data is first-hand information and is collected using questionnaires, surveys, and interviews.
Secondary data is information that had been collected previously for other purposes but was found useful in another study.
