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.
Answer:
24 purple jelly beans
Step-by-step explanation:
We are told in the question that;
Lucas had a mix of red and purple jelly beans. There were 2 red jelly beans for every 3 purple jelly beans.
The results in a ratio
2:3
Where 2 represented red jelly beans
3 represented purple jelly beans
Total number of jelly beans = 40 jelly beans.
The number of purple jelly beans that we have =
3/( 2 + 3) × 40
= 3/5 × 40
= 3 × 8
= 24.
Hence, there are 24 purple jelly beans in the bag.
Answer:
s= -1
Step-by-step explanation:
7= -10s-3
+3 +3
10=-10s
s= -1
This is a proof that the angles in a triangle equal 180°:
The top
line (that touches the top of the triangle) is
running parallel
to the base of the triangle.
So:
<span>
<span>angles A are the
same </span>
<span>angles B are the same </span>
</span>
And you can easily
see that A + C + B does a complete
rotation from one side of the straight line to the other, or <span>180°</span>
Answer:
C. 30
Step-by-step explanation:
-It is a statistical rule of thumb that the size of a sample must be 
.
-This size is deemed adequate for the Central Limit Theorem to hold.
-At this size or greater, the shape of the resultant distribution is normal.
#It should however be noted, that for a normal distribution the CLT holds even for smaller sample sizes.
