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stealth61 [152]
2 years ago
11

An insurance company has written 100 policies for $75,000, 500 policies for $25,000, and 1000 policies for $10,000 for people of

age 20. If experience shows that the probability that a person will die at age 20 is 0.0015, how much can the company expect to pay out during the year the policies were written? The company can expect to pay out _____ $ over the year after the policies were written.
Mathematics
1 answer:
schepotkina [342]2 years ago
4 0

Answer:

The company can expect to pay out $45,000 over the year after the policies were written.

Step-by-step explanation:

This can be determined as follows:

The probability that a person will die at age 20 = 0.0015

Revenue from 100 policies = 100 * $75,000 = $7,500,000

Revenue from 500 policies = 500 * $25,000 = $12,500,000

Revenue from 1000 policies = 1000 * $10,000 = $10,000,000

Total revenue from all policies = Revenue from 100 policies + Revenue from 500 policies + Revenue from 1000 policies = $7,500,000 + $12,500,000 + $10,000,000 = $30,000,000

Expected amount to pay out during the year the policies were written = Total revenue from all policies * The probability that a person will die at age 20 = $30,000,000 * 0.0015 = $45,000

Therefore, the company can expect to pay out $45,000 over the year after the policies were written.

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dolphi86 [110]
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3 years ago
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Alenkinab [10]

Answer:

67

Step-by-step explanation:

Since the diagonals in a rectangle are congruent, AC=BD and

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We need to separate x -- to do that, we can first subtract 7x from both sides, resulting in

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Identify the given trig ratio of an angle through the point (3, -2)
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Step-by-step explanation:

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3 years ago
The heights (in cm) and arm spans (in cm) of 31 students were measured. The association between x(height) and y(arm span) is sho
abruzzese [7]

Answer:

27.385 cm longer would we expect Mike's arm span to be than George's.

Step-by-step explanation:

We have to find how many centimeters longer would we expect Mike's arm span to be than George's using the equation:

y= 4.5x + 0.977 x

where y= arm span

and x= height

Given:

Mike's height=x = 175 cm

so Mike's arm span= y= 4.5 x + 0.977 x

                                    = 4.5* (175) + 0.977* (175)

                                    = 787.5 + 170.975

                                    = 958.475 cm

George's height = x = 170 cm

so George's arm span= y= 4.5 x + 0.977 x

                                    = 4.5* (170) + 0.977* (170)

                                    = 765 + 166.09

                                    = 931.09 cm

Mike's arm span longer than George's = Mike's arm span - George's arm span

                                                                 = 958.475 - 931.09

                                                                 = 27.385 cm.

8 0
3 years ago
Please help me with this question
Anettt [7]

Answer:

136

Step-by-step explanation:

(6-10i)(6+10i)

36 +60i - 60i - 100i²

36 - 100i² (i² = -1)

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136

3 0
3 years ago
Read 2 more answers
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