The probability that a 38-year-old white male will live another year is .99813. What premium would an insurance company charge t
1 answer:
Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.
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The ages of all four sisters will be = x, x+2, x+4, x+6
As per given in question, two times of youngest sister age exceeds the oldest sister age by 30 means
Simplifying the equation
So this is the age of youngest sister.
So, age of oldest sister will be
Hene the age of oldest sister is 42 years. : Answer
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Answer:
114.31 nautical miles per day
Step-by-step explanation:
Use formula
where S is the distance, t is time and v is rate.
If S=11431 nautical miles and t=100 days, then