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nikitadnepr [17]
2 years ago
15

to decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and

loan characteristics, to predict risk levels.
Business
1 answer:
GenaCL600 [577]2 years ago
3 0

To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.

Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.

An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.

Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.

Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).

Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:

  • Loan characteristics.
  • Historical industry trends.

Read more: brainly.com/question/1790872

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B Deliberate

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2 years ago
Inventory records for Marvin Company revealed the following:
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Answer:

Ending inventory= $5,592.45

Explanation:

Giving the following information:

Mar. 1: Beginning inventory= 1,090 units at $7.25

Mar. 10: Purchase: 510 units at $7.75

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First, we need to calculate the number of units in ending inventory:

Ending inventory in units= total units - units sold

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3 years ago
In June, an investor purchased 200 shares of Oracle (an information technology company) stock at $37 per share. In August, she p
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Answer:

the  weighted mean price per share is $38.76

Explanation:

The computation of the weighted mean price per share is given below:

= (200 shares × $37 per share + 270 shares × $36 per share + 490 shares × $41 per share) ÷ (200 shares + 270 shares + 490 shares)

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Hence, the  weighted mean price per share is $38.76

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