108
I'm not positive but i belive this is correct
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.
Answer:
The question is incomplete, the complete question is "Changing Bases to Evaluate Logarithms in Exercise, use the change-of-base formula and a calculator to evaluate the logarithm. See Example 9. 
.
Step-by-step explanation:
From the general properties or laws of logarithm, we have the
where both log are now express in the natural logarithm base.
i.e 
hence we can express our 
.
the value of ln7 is 1.9459 and ln4 is 1.3863
Hence 
.
For either one of the deals, just find what one card equals and times it by how many cards the other equation has.
e.g. 0.35 cents divide by 10 = 0.035. And now, you times it by 12 since the other deal is 12 cards for 40 cents.
0.035 x 12 = 0.48
So, 10 cards for 35 cents is not the better deal.
