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.
Answer:
1,200
Steps down below
Step-by-step explanation:
Steps
1: 48=4% loaded on truck and they have 96% left to load
2: so set up a proportion and it should look like this
3: 48 over x = 4 over 100
4: 48/x=4/100
6: do cross multiplication 100×48= 4,800÷ 4 = 1,200 total on truck
Answer: 1,200 total on truck
<em><u>Hope this helps.</u></em>
Answer:
8, 82
Step-by-step explanation:
Let x = angle measure
y = complement
y = x+74
Complements add to 90
x+y = 90
Substitute y = x+74 into the equation
x+ x+74 = 90
Combine like terms
2x+74 = 90
Subtract 74 from each side
2x+74-74 = 90-74
2x = 16
Divide by 2
2x/2 = 16/2
x=8
The first angle is 8
8+74 = 82
The other angle is 82
