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.
I’m pretty sure it would be C
I belive your answer is 320
Happy to assist you!
In a regular polygon, each exterior angle equals each central angle.
central angle = 360 / #sides
#sides = 360 / central angle
#sides = 360 / 60
#sides = 6
All you have to do is follow PEMDAS (if you don't know what that is, search it up).
-2-5(4n-6)=-132
Distribute the 5 to everything in the parentheses.
-2-20n+30= -132
Combine like terms.
-20n+28 = -132
Subtract 28 from both sides.
-20n = -160
Divide by -20 on both sides.
n = 8