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IrinaK [193]
3 years ago
13

What it means to you to communicate as a professional in a business context​

Business
1 answer:
Len [333]3 years ago
8 0
Professional communication refers to the oral, written, visual, and digital forms of delivering information in the context of a workplace. Effective professional communication is critical in today's world. ... Effective communication ensures a smooth flow of ideas, facts, decisions, and advice.
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A one-year life insurance policy for a 25-year-old male costs $100 and pays $10,000 in case of death during the 25th year. NOTE:
Natali [406]

Answer:

The expected gain per policy for the insurance company is $80

Explanation:

According to the given data we have the following:

Outcome            death          No death

Net gain                     $-9900      $ 100

Probability               0.002     0.998

Therefore, in order to calculate the expected gain per policy for the insurance company we would have to calculate the following formula:

Expected Gain = (-$9900)*(0.002)+($100)*(0.998) = -19.8+99.8= 80

Expected Gain=-$19.8+$99.8=

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The expected gain per policy for the insurance company is $80

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