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zloy xaker [14]
3 years ago
15

Assume 6 in every 2000 students at the local community college have to quit due to serious health issues. An insurance company o

ffers them a ​$10,000 policy for ​$60 a year. What is the amount the insurance company should expect to make on average on every student that​ pays?
Mathematics
1 answer:
Alexus [3.1K]3 years ago
7 0
Given:

6 out of 2000 students quit community college due to serious health issues.
$10,000 insurance company offer
$60 per year

Based on the data, there are 6 students who will be given the $10,000 insurance per year. So they need

6 * 10,000 = $60,000 to make a break-even on their insurance offer

If a student pays $60 per year, they should have

$60,000 / $60 = 1,000 students who will pay per year to reach the break-even mark of their investment. If the number of students will exceed 1,000, the company will begin to earn. 
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Answer:

Step-by-step explanation:

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Answer: 277 ways

Step-by-step explanation:

Let’s start bycreating 10-unit pieces using the 4-unit piece.

The arrangements are:

1). 4-3-3 (3 permutations)

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3). 4-3-1-1-1 (5*[4!/(3!1!)]

= 5*4

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4). 4-2-2-2 (4 permutations)

5). 4-2-2-1-1 (5 *[4!/(2!2!)]

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6). 4-2-1-1-1-1(6*[5!/(4!1!)]

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Let’s-consider the arrangements using one or more3-unit pieces and no 4-unit piece:

7). 3-3-2-2 (4!/(2!2!)

8). 3-3-2-1-1 (5*(4!/(2!2!)

= 5*6

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9). 3-3-1-1-1-1 (6!/(4!2!) = 0

10). 3-2-2-2-1 (5*4!/(3!1!)

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11). 3-2-2-1-1-1 (6*5!/(3!2!)

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= 60 permutations

Finally we would look at the arrangements using only 1-and 2-unit pieces:

12). 2-2-2-1-1-1-1 (7!/(4!3!)

= 35 permutations

add them all up:

(3 + 24 + 20 + 4) + (30 + 30 + 6 + 30) + (15 + 20 + 60 + 35)

=51 + 96 + 130

= 277ways

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