Graph the line using the slope and y-intercept, or two points.
Slope:
2
3
2
3
y-intercept:
(
0
,
−
4
)
(
0
,
-
4
)
x
y
0
−
4
3
−
2
Answer:
A, P, M, S, W, Q
Step-by-step explanation:
Answer: C.) $70,000
Explanation:
Assets - Liabilities = Net worth
$145,000 - $75,000 = $70,000
Answer:
The answer is undefined.
Step-by-step explanation:
Slope is found using this equation: y-y1/x-x1. Fill in the coordinates to this equation. It should now look like this. -7--3/-5--5. When subtracting from two negatives, it changes into a positive. For example, -7--3 becomes -7+3, which equals -4. The same thing applies for the second part. -5--5 becomes -5+5, which equals 0. So, your slope is -4/0. However, when a 0 is in the denominator, it becomes undefined. So, the answer is undefined.
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