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Basile [38]
2 years ago
12

The probability that a 80-year-old female in the U.S. will die within one year is about 0.048711. An insurance company is prepar

ing to sell a 80-year-old female a one-year, $30,000 life insurance policy. How much should it charge for its premium in order to have a positive expectation for the policy? (Round your answer to the nearest dollar.)
Business
1 answer:
mamaluj [8]2 years ago
7 0

Answer:

$1,461

Explanation:

P(80-year-old female in the U.S. will die within 1 year) = 0.048711.

P(80-year-old female in the U.S. will survive one year) = 1 - 0.048711

P(80-year-old female in the U.S. will survive one year) = 0.951289

If 80-year-old female dies within one year, company will lose $(75000-x) but if she will survive, the company will make $x where x is the charge for its premium.

x(0.951289) - (30,000-x)0.048711 > 0

=> 0.951289x + 0.048711x - 30,000(0.048711) > 0

=> 1x - 1461.33> 0

=> x > 1461.33

=> x > 1461

x = $1,461

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3 years ago
If a city of 10,000 experiences 200 births, 60 deaths, 10 immigrants, and 30 emigrants in the course of a year, what is its net
kykrilka [37]

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200 births and 10 immigrants will be added to the population. Total is 210.


60 deaths and 30 emigrants will be taken away from the population. Total here is 90.


Just a reminder that an emigrant is somebody who leaves their own country to lastingly settle into a different country.


Therefore, 210 people are added to the population, and 90 people are to be subtracted, for a net gain of 210 - 90 = 120 people.


What percentage is 120 of 10,000?


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3 0
3 years ago
Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will
Digiron [165]

The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the<u> absence of a sufficient description of the property</u>.

<h3>What are the minimum requirements for a California lease?</h3>

A California lease requires a <u>sufficient description of the property</u>, for example, an address, which gives it a legal description.

Other requirements for a California lease include:

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<h3>Question Completion with Answer Options:</h3>

a. No, the lease has met all of the minimum lease requirements of the state of California.

b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.

c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.

d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.

Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the<u> absence of a sufficient description of the property</u>.

Learn more about California lease requirements at brainly.com/question/14299105

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7 0
1 year ago
Macroeconomic analysis is concerned with: Group of answer choices government regulation of industry The structure of a market an
Zanzabum

Answer:

The answer is C.

Explanation:

Macroeconomics is the study of the economy as a whole, unlike microeconomics which is the study of the individual firms/markets.

Macroeconomics focuses on the standard of living, unemployment rate, inflation rate etc. and how this affects the whole economy.

Option A is wrong because it is the microeconomics and not macroeconomics that studies the market and the firm.

Option B and D are wrong because these are for microeconomics

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3 years ago
All currencies are worth exactly the same.<br><br> Question 45 options:<br> True<br> False
ycow [4]

Answer:

False!

Explanation:

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Some american dollars are worth alot more than a dollar in say, mexico. Our resources are more valuable.

Glad I could help!

6 0
2 years ago
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