Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
Answer:
-
Step-by-step explanation:
Part A) x-intercepts simply show that when the value of the function is zero. Vertex coordinates show that when the function obtains its maximum value. When x=50, function obtains its maximum value and it's 75. The function is increasing in the interval (0, 50) and decreasing in the interval (50, 100). In regard to the height and distance of the tunnel, these numbers show that decreasing and increasing intervals are symmetric. Each number from the intervals has its own pair in the corresponding interval and they are located in the same distance from the midpoint (50,75)
Part B) In order to calculate the average rate of change, we can first write the function. Using the information about the x-intercept and the vertex coordinates, we find that our function is

.
Plugging 15 and 35 in x, we can find the values of the function, i.e.

and

.
Then, the average change is
= 4 (6) - 4 (√2) + √2 (6) - √2 <span>√2
</span>= 24 - 4√2 + 6√2 - 2
= (24 - 2) + (- 4√2 + 6√2)
= 22 + √2(- 4 + 6)
= 22 + √2 (2)
= 22 + 2√2
hope it helps
It requires a circular movement to either left or right to get the figure on the right side of the paper.