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dusya [7]
2 years ago
15

A private pilot wishes to insure his airplane for ​$. The insurance company estimates that a total loss will occur with probabil

ity ​, a ​% loss with probability ​, and a ​% loss with probability. Ignoring all other partial​ losses, what premium should the insurance company charge each year to realize an average profit of ​$​?.
SAT
1 answer:
stealth61 [152]2 years ago
4 0

The premium that the insurance company should charge each year to realize an average profit of ​$​500 is $6,900.

First step is to calculated the expected amount to pay

Expected amount=Total loss  +50% loss+25% loss

Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)

Expected amount=$400+$1,000+$5,000

Expected amount=$6,400

Second step is to calculate the premium

Premium=Expected amount+ Average profit

Premium=$6,400+$500

Premium=$6,900

Inconclusion the premium that the insurance company should charge each year to realize an average profit of ​$​500 is $6,900.

Learn more about insurance premium here:brainly.com/question/24441770

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Why were factories more profitable than the cottage industry approach to textile production?.
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Answer:

Homemade items took longer to create and were not always equal in quality.

Explanation:

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5 0
2 years ago
Chegg What are MPC, MPS, and the spending multiplier
xenn [34]

MPC stands for "marginal propensity to consume," which refers to a rise in consumer spending for every unit of income level achieved.

Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.

Spending multiplier = Increase in income level for each unit increase in autonomous spending = 1/(1-MPC) = 1/MPS Spending multiplier = Increase in income level for each unit increase in autonomous expenditure. This is further explained below.

<h3>What is a multiplier?</h3>

Generally, the amount by which the return on investment is greater than the investment itself is referred to as the investment's return on investment (ROI).

In conclusion, Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.

Read more about multiplier

brainly.com/question/23536361

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7 0
2 years ago
Use an online search engine to find a trusted online dictionary then examine the meaning of the word recalcitrant. describe the
Ivanshal [37]

The word 'recalcitrant' has a Latin origin<em> </em>(<em>calcitrare</em>) and was originally used for describing "to kick" actions.

<h3>What does recalcitrant mean?</h3>

Recalcitrant is a word derived from <em>calcitrare</em><em> </em>(Latin) and originally used for indicating "to kick" actions.

A person considered 'recalcitrant' is someone who is obstinately defiant of authorities and/or social restraints.

Two synonyms of this word (recalcitrant) may be ungovernable and insubordinate, whereas two antonyms include docile and subordinate.

Learn more about the meaning of recalcitrant here:

brainly.com/question/3323996

5 0
2 years ago
All of the following are examples of physical changes except.
zaharov [31]

Answer:

Thermal conductivity is not a path function.

8 0
2 years ago
Identify the oxidation numbers for all the elements in the reactants and products for 2mno4−(aq)+3s2−(aq)+4h2o(l)→3s(s)+2mno2(s)
Sidana [21]

The oxidation number if eah of the elements is as follows;

  • Oxidation number of Mn is + 7 on the right hand side and +4 on the right hand side
  • Oxidation number if hydrogen is +1 on both sides
  • The oxidation number of oxygen is -2 on both sides
  • The oxidation number of sulfur is -2 on the lefthand side and zero on the right hand side.

<h3>What is a redox reaction?</h3>

A redox reaction is one in which there is a change in the oxidation number of the reactants from left to right.

Let us now consider the oxidation  number of each element from left to right;

  • Oxidation number of Mn is + 7 on the right hand side and +4 on the right hand side
  • Oxidation number if hydrogen is +1 on both sides
  • The oxidation number of oxygen is -2 on both sides
  • The oxidation number of sulfur is -2 on the lefthand side and zero on the right hand side.

Learn more about oxidation number: brainly.com/question/15167411?

3 0
1 year ago
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