$9,900
10% off of 10,000 is 9,000
10% more than 9,000 is 9,900
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.
2.56 times 0.03 is 0.0768 then round to hundredth is 0.08 i think
⓵
When multiplying several factors together, an even number of negative signs will result in a positive answer.
↠ Because when you multiply two negative signs together, the negative signs turn into a positive sign, giving you a positive answer.
↠ If you have an even number of negative signs to multiply, then all your negative signs will be turned into positive signs, giving you a positive answer!
⓶
When multiplying several factors together, an odd number of negative signs will result in a negative answer.
↠ Because when you multiply a negative sign by a positive sign, the negative sign always wins, giving you a negative answer.
↠ If you har an odd number of negative signs to multiply, this means that once you are done multiplying all of the negative signs together except for the last one, you will be multiplying a positive sign with a negative sign.
↠ Here’s another way to see it : if you have 5 negative signs to multiply together, you will start by multiplying the first 2, which will give you a positive result. Then you will multiply the third and the fourth negative signs together, which will also give you a positive result. By that time, you will have two positive signs and one negative sign left, which means you will have no choice but to multiply a positive sign by the last negative sign, resulting in a negative answer!
I hope this helps! If you need a visual example, just tell me, it will be my pleasure! ☻
