Answer:
Avicenna can expect to lose money from offering these policies. In the long run, they should expect to lose ___33__ dollars on each policy sold
Step-by-step explanation:
Given :
The amount the company Avicenna must pay to the shareholder if the person die before 70 years = $ 26,500
The value of each policy = $497
It is given that there is a 2% chance that people will die before 70 years and 98% chance that people will live till the age 70.
The expected policy to be sold= policy nominal + chances of death
= 497 + [98% (no pay) + 2% (pay)]
= 497 + [98%(0) + 2%(-26500)]
(The negative sign shows that money goes out of the company)
= 497 - 2% (26500)
= 497 - 530
=33
Therefore the company loses 33 dollar on each policy sold in the long run.
Answer: A. An OPEN circle on the number 5 and an arrow shading to the RIGHT.
Answer:18.9 miles
1 inch=5.4
3.5 inches =3.5×5.4
=18.9miles
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One root is 1.0791561975888, the other is -0.57915619758885.
Answer:
a = 70°
b = 80°
Step-by-step explanation:
Angles on a straight line add up to 180°
⇒ a + 110 = 180
⇒ a = 180 - 110
⇒ a = 70°
The sum of the interior angles of a quadrilateral is 360°
⇒ a + b + 130 + 80 = 360
⇒ 70 + b + 130 + 80 = 360
⇒ b + 280 = 360
⇒ b = 360 - 280
⇒ b = 80°
