Answer:Expected value = - 94661.45
Explanation:
The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250
Probability (Client is in a threatening accident) = 0.999063
Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937
Insurance Premium = $250
Insurance Payout = $95000
expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)
expected value = 0.999063 x (-94750) + 0.000937 x (250)
expected value = - 94661.21925 + 0.23425 = - 94661.44675
expected value = - 94661.45
Answer:
demographics
Explanation:
Demographics relates to the population study figured on such variables as maturity, ethnicity, and gender. Census data refers to systematically articulated social and economic information, which includes jobs, schooling, wages, marriage rates, levels of birth and death, and much more.
Governments, businesses, and nongovernmental organizations use surveys to know more of the dynamics of a community for many reasons, namely decision technology development into the economic structure.
Answer:
The Cost of Goods Manufactured for the year is $341,000
Explanation:
The computation the cost of goods manufactured is shown below:
= Beginning balance of work in process inventory + total manufacturing costs - ending balance of work in progress inventory
= $21,000 + $339,000 - $19,000
= $341,000
where,
Total manufacturing costs = direct materials cost + direct labor cost + manufacturing overhead cost
= $59,000 + $128,000 + $152,000
= $339,000
Answer: $2.2 Million
Explanation:
In fundamental accounting equation:
Assets - Liabilities = Owners' equity. On the balance sheet, owner equity is the same as net worth.
