Answer:
Step-by-step explanation:
<u><em>Distance between two points:</em></u> Distance between two pints 
is given by
Distance between 
(6(x^2-1))*((6x-1)/(6(x+1))
(6((x+1)(x-1)))((6x-1)/(6(x+1))
(6(x-1))*(6x-1)/(6)
(x-1)(6x-1)
6x^2-x-6x+1
6x^2-7x+1
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.
