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nataly862011 [7]
3 years ago
12

Explain how insurance companies use statistics.

Business
1 answer:
Luda [366]3 years ago
7 0

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

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Compare and contrast the penalties in a civil and criminal trial.
Vladimir79 [104]

Answer: Compare and contrast the penalties in a civil and criminal trial. In a criminal trial, a defendant can be sentenced to jail time, can be fined, and can be forced to undergo some treatment or remedy. In a civil trial, a defendant can be assessed damages and can be coerced to follow through on an agreement.

Explanation: HOPE IT HELPS :)

6 0
3 years ago
Read 2 more answers
You sell short 300 shares of Microsoft that are currently selling at $30 per share. You post the 50% margin required on the shor
Lostsunrise [7]

Answer:

20%

Explanation:

Data provided

Currently selling per share = $30

Cost of Microsoft after selling = $27

Margin percentage = 50%

The calculation of rate of return is shown below:-

Rate of return = (Currently selling per share - Cost of Microsoft after selling) ÷ Margin percentage × 100

= ($30 - $27) ÷ 50% × 30

= $3 ÷ 15

= 0.20

or

20%

Therefore for calculating the rate of return we simply applied the above formula.

4 0
3 years ago
Why is it important for businesses to understand the role of economics?
MrRa [10]

Answer:

Business economics often handles the analysis of various costs that business firms incur. Every business always desires to minimize their costs and maximize its profits by embracing different economies of scale. Nonetheless, the firms fail to determine exact costs that are involved in the production process.

6 0
3 years ago
____ are computer security experts who specialize in penetration testing and other testing methods to ensure that a company’s in
PIT_PIT [208]

Answer:

White hats are computer security experts who specialize in penetration testing and other testing methods to ensure that a company’s information systems are secure.

Explanation:

White hats, also called ethical hackers, are experts in the field of information technology, dealing with the security of computer systems. They are hackers who attempt to damage, alter, conceal, or otherwise render a computer program unusable in order to help program owners become aware of the security of their data and security vulnerabilities.  

While checking the security of computer systems, ethical hackers use the same techniques and methods as potential attackers, but unlike them, they do not use the information they discover during an attack, but assess the security of the system and report the owner on the leaks detected. Ethical hackers then advise owners what they need to change to make the system safer.

3 0
3 years ago
Use the following information to answer the next question. Harvey quit his job at State University where he earned $45,000 a yea
algol [13]

Answer: Option(a) is correct.

Explanation:

Total Revenue = Units sold × price per unit sold

                        = 11,000 × $75

                        = $825,000

Explicit cost = Units sold × cost per unit

                    = 11,000 × $55

                    = $605,000

Implicit cost = Earning at state university + Entrepreneurial talent + cash bonds at 10% interest

                    = $45000 + $5,000 + ($100,000 × 10%)

                    = $60,000

Economic profits = Total Revenue - (Explicit cost + Implicit cost)

                            = $825,000 - ($605,000 + $60,000)

                            = $825,000 - $665,000

                            = $160,000

7 0
3 years ago
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