Answer:
The expected loss is $6980
Step-by-step explanation:
From the question we are told that
The chance that a customer survives another year is p =0.96
The rate at which the policy is sold is r = $85 per month
The rate at which the policy is sold per year is R = $85 * 12 per year
= $1020 per year
The amount paid the the beneficiaries is $200,000
The expected value of profit/loss for this company is mathematically represented as
substituting values
- $6980
The negative sign shows that it is a loss
Answer:
120
Step-by-step explanation:
its the same as the angle its across from
Answer:
No, it is not on the graph.
Step-by-step explanation:
Plug in (2, 2 ) to y = x + 2
(2 ) = (2) + 2
Y = -1/2x + 8
You can get this by first distributing the -1/2 to the parenthesis and then by adding 9 to both sides.