The number of accidents the company will have to pay out for is 1,750. If the payout for each claim (after deductibles) is $8,000, the company’s total payouts will amount to $14,000,000. If the company wants to keep a profit margin of 8%, the premium it must charge is $604.8. The company can set aside a maximum amount of $1,120,000 for this year’s investments.
1.) 25,000 policyholders x 7% accident rate = 1,750
2.) 8,000 payout x 1,750 number of accidents = 14,000,000
3.) 14,000,000 expense x (1 + 8% profit margin) = 15,120,000 / 25,000 policy holders = 604.8
4.) 8,000 x 8% profit margin = 640 (which is higher than the premium) x 1,750 numer of accidents = 1,120,000 (I'm not so sure with this one tho)
The opposite of squaring a number is called finding the square root.
100/1,000,000=0.0001 hope that makes sense
Answer: The answer to your question would be B
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<em>-Jarvis</em>
Step-by-step explanation:
Answer:
Step-by-step explanation:
- Let us assume, the contrary √3 is a rational no.
- √3 = p/q ,<em>where p and q are co-prime</em>
- p = √3q
- squaring on both sides
/3 =
.............................(1)- 3 is a factor of p
- p = 3c , where c is some constant
- substituting p = 3c in equation (1)
- 9
= 3 - /3 =
∴ 3 is also a factor of q
- But , this is a <em>contradiction</em>.
- we have assume p and q are co prime
∴ <em>√3 is an irrational no.</em>
