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:
Option (B)
Step-by-step explanation:
To calculate the distance between C2 and SW1 we will use the formula of distance between two points 
and 
.
d = 
Coordinates representing positions of C2 and SW1 are (2, 2) and (-6, -7) respectively.
By substituting these coordinates in the formula,
Distance between these points = 
= 
= 
units
Therefore, Option (B) will be the correct option.
9514 1404 393
Answer:
y = -1/2x + 3
Step-by-step explanation:
It can work to start with the 2-point form of the equation for a line.
y = (y2 -y1)/(x2 -x1)(x -x1) +y1
y = (1 -5)/(4 -(-4))(x -(-4)) +5 . . . . . fill in point values
y = -4/8(x +4) +5 . . . . . . . . simplify a bit
y = -1/2x -2 +5 . . . . . .eliminate parentheses
y = -1/2x +3 . . . . collect terms
Answer:
It's C, REVIEW THE EVALUATIVE MODIFIERS
Step-by-step explanation:
Answer:
a) 6 ways
b) 6 ways
Step-by-step explanation:
a) for all of the letters
for the first letter, we have 3 options
for the second, we have 2 options
for the third, we have 1 option
So the number of options will be;
3 * 2 * 1 = 6
b) for the first, we have 3 options, for the second, we have 2 options
so the number of options will be 3 * 2 = 6 options
