Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.
Answer:
3 and 4
Step-by-step explanation:
4. 28/105 is what it is trying to explain
3. -3/12 is what it is trying to explain
Answer:
its b i did that question on a test
Step-by-step explanation:
Answer:
the probability that the song should be played on accurately 3 days out of 5 days is 0.051
Step-by-step explanation:
Given that
The probability that a particular song is played is 1 by 5
We need to find out the probability that the song should be played on accurately 3 days out of 5 days
So,
= 0.051
Hence, the probability that the song should be played on accurately 3 days out of 5 days is 0.051
The same is considered
It is cubic crystal so yeah
