Answer:
Please read the answers below.
Step-by-step explanation:
Let's calculate the four means between 100 and 135, this way:
1. Arithmetic mean:
(100 + 135)/2 = 117.5
2. Weighted mean:
We will assign equal weight to both numbers : 5
(100 * 5 + 135 * 5)/10 = (500 + 675)/10 = 1,175/10 = 117.5
3. Geometric mean:
√100 * 135 = √13,500 = 116.2 (Rounding to the next tenth)
4. Harmonic mean:
2/(1/100 + 1/135) = 2/(0.01 + 0.0074) = 114.9 (Rounding to the next tenth)
Answer:
$26.04
Step-by-step explanation:
I did this course already
Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:




The insurance company should charge $1,873.5.