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.
Lol k lol k lol k lol k it’s over 9,000
Answer: Yes, it is 125%
Step-by-step explanation:
Hello.
The mathematical symbol that would best fill the blank to compare both numbers is '>', which indicates a number is greater than the other.
Hope I helped.
Answer:
He will need to work a minimum of 5 weeks
Step-by-step explanation:
1,200-400=800
800 divded by 160=5
