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.
M can be any positive real number.
Explanation:
From f(x) = √(mx) ; if x is posive m has to be positive; if x is negative m has to be negative; if x is cero m can have any value, and the range will always be 0 or positve
From g(x) = m √x; x can only be 0 or positive and the range will have the sign of m.
Given we concluded that the range of f(x) can only be 0 or positive, then me can only be 0 or positive.
Answer:
nvm i forgot
Step-by-step explanation:
Answer:
Prosperly, 60%
Step-by-step explanation:
Answer:
sphere a: 33.51 and sphere b: 268.08
Step-by-step explanation:
math
