Question What is a claim on an insurance policy?

Mathematics

2 answers:

Alex Ar [27]4 years ago

7 0

Answer:

An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss.

Step-by-step explanation:

Yuki888 [10]4 years ago

6 0

Answer:

An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured

Step-by-step explanation:

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Assume standard deviation of all invoices is $200. Sample 100 invoices. What is the standard deviation of xbar

posledela

Answer:

Step-by-step explanation:

Standard deviation of the mean is expressed as:

SM = s/√n

s is the standard deviation of all invoices

n is the sample size of the invoiced

Given

s = $200

n = 100

Required

Standard deviation of the mean

Substitute the given parameters into the given equation

SM = 200/√100

SM = 200/10

SM = 20

Hence the standard deviation of xbar is 20

3 0

3 years ago

A diner has collected data about customer coffee-drinking habits. They have calculated that P(cream) = 0.5, P(sugar) = 0.6, and

luda_lava [24]

$\mathbb P(\text{cream or sugar})=\mathbb P(\text{cream})+\mathbb P(\text{sugar})-\mathbb P(\text{cream and sugar})$
$0.7=0.5+0.6-\mathbb P(\text{cream and sugar})$
$\mathbb P(\text{cream and sugar})=0.4$