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.
Binomial because it is the difference of two terms.
Hope this helps!! Let me know if you have ANY questions
Answer:
12 meters = 472.441 inches
~Hope this helps~
Using the equation of the proportional relationship:
Average rate of speed = 60
Time taken to go 300 miles = 5 hrs
Distance travelled in 2.5 hrs = 150 miles
<h3>What is a Equation of a Proportional Relationship?</h3>
A equation of a proportional relationship models the relationship between two variables, x and y, that has a constant of k. It is expressed as y = kx.
Given the following:
Equation: d = 60t
d = distance in miles
t = time in hours
Average rate of speed for the bus = k = 60
Time (t) it would take to go 300 miles (d):
300 = 60(t)
300/60 = t
t = 5 hours
Distance (d) it would travel in 2.5 hours (t):
d = 60(2.5)
d = 150 miles
Learn more about the equation of a proportional relationship on:
brainly.com/question/6869319
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Yes the cost is a function because with each hour it costs $5 more than before, keeping a pattern
Hope this helps ya :D
