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klasskru [66]
2 years ago
5

Alicia Bitman, age 30, plans to purchase a $200,000, 5-year term life insurance policy. What is the annual premium?

Mathematics
1 answer:
zhenek [66]2 years ago
4 0

Answer: $770

Step-by-step explanation:

Number of units to be purchased by Alicia:

= 200,000 / 1,000

= 200 units

Alicia is purchasing a 5-year term life insurance policy. At age 30, the cost per $1,000 unit of insurance is $3.85 for a female.

The formula for the annual premium is:

= Number of units purchased * Premium per $1,000

= 200 * 3.85

= $770

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Answer:

3.1%, dependent event

Step-by-step explanation:

We have that vowel are 5, it is from A, E, I, O, U therefore the probability of drawing a vowel is:

5/26

since there are a total of 26 options to choose from. Then, when selecting that, we are left with 25 options and 4 vowels, therefore the probability would be:

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Therefore the final probability is:

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In other words, selecting a vowel and then another (without replacement) the probability is 3.1%

The events are dependent, since the first event affects the second event, since the number of vowels and the number of total options are reduced.

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3 years ago
Using the distributive property to find the value or each variable what is 5(9+13)=5m+5(13)
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Hey there! I'm happy to help!

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Have a wonderful day! :D

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