Avicenna, a major insurance company, offers five-year life insurance policies to -65 year-olds. If the holder of one of these policies dies before the age of 70 , the company must pay out $24,200 to the beneficiary of the policy. Executives at Avicenna are considering offering these policies for $573 each. Suppose that for each holder of a policy there is a 2% chance that they will die before the age of and 70 a 98% chance they will live to the age of 70.

Answers

Answer 1

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


Related Questions

Please help ASAP! I will mark Brainliest! Please answer CORRECTLY! No guessing! CHECK ALL THAT APPLY

Answers

Answer:

0,8,5

Step-by-step explanation:

x+22 <32

Subtract 22 from each side

x+22-22 <32-22

x <10

The choices that fit

0,8,5

Answer:

Therefore, our applicable set is: 0, 8, and 5. All of these numbers make the inequality true.

Step-by-step explanation:

x + 22 < 32

This problem is fairly simple! All we need to do is substitute each number given for x and compute to find out if the equation will be true! First what we need to do is plug in each number given into our variable x. Our numbers are: 0, 10, 8, 71, 15, and 5

x = 0

0 + 22 < 32

22 < 32

Is 22 less than 32? It is! So it belongs to the solution set.

x = 10

10 + 22 < 32

32 < 32

32 is equal to 32, not less than 32. A number cannot be itself and less than itself, thus x = 10 does not belong to the solution set.

x = 8

8 + 22 < 32

30 < 32

Is 30 less than 32? Yes! Since the inequality is true (that's what these kinds of equations are called) it  belongs to the solution set.

x = 71

71 + 22 < 32

94 < 32

Is 94 less than 32? No. 71 does not belong to this solution set.

x = 15

15 + 22 < 32

37 < 32

37 is not less than 32. Therefore it doesn't belong to the solution set.

x = 5

5 + 22 < 32

27 < 32

Is 27 less than 32? Yes. Therefore, it belongs to the solution set.

Therefore, our applicable set is: 0, 8, and 5. All of these numbers make the inequality true.

A spinner is divided into 8 equal sections numbered 1 to 8. About how many times would you expect the pointer to land on a number less than 6 if the pointer is spun 30 times.

Answers

Answer:

The answer is

6.25×30= 18.75

I'm not sure but this is what I think

FInd the permiter of a square with an area of 702.25 square yards

Answers

Answer:

The perimeter of the square is 106yd

Step-by-step explanation:

To solve this we first have to know the formula to calculate the area of ​​a square

a = area = 702.25yd²

s = side

a = s * s

we replace the values

702.25yd² = s * s

702.25yd² = s²

√(702.25yd²) = s

26.5yd = s

The side of the square is 26.5yd

Now we have to use the formula to calculate the perimeter of ​​a square

p = perimeter

s = side = 26.5yd

p = 4 * s

we replace with the known values

p = 4 * 26.5yd

p = 106yd

The perimeter of the square is 106yd

Answer:106 yards

Step-by-step explanation:

Length=L

Area=702.5

Area of square=L x L

702.5=L X L

702.5=L^2

L=√(702.5)

L=26.50

perimeter of square=4 x L

Perimeter of square=4 x 26.50

Perimeter of square=106

Perimeter of square=106 yards

josh wants to make 5 airplane propellers. he needs 18 centimeters of wood for each propeller. how many centimeters of wood will he use?

Answers

90 centimeters of wood i believe

xin orders five identical loaves of bread

Answers

Is there anything else that goes with the question or is that it?

Solve each equation.
13 = -2w

Answers

Answer:

w = -6.5

Step-by-step explanation:

We want to get rid of the coefficient of w so that we can solve for w. To do that, let's divide both sides of the equation by -2. When we do so, we get -13/2 = w. Hope this helps!

If you are given the coordinates of A, B, C, and D, how could you prove that ABCD is a rectangle?
A. Use the slope formula to show that AB∥CD, BC∥AD, AC⊥BD.
B. Use the distance formula to show that AB = CD, BC = AD, and AC = BD.
C. Use the distance formula to show that AB = CD, BC = AD, and use the midpoint formula to show that the midpoint of AC and the midpoint of BD are the same point.
D. Use the distance formula to show that AB = CD, and use the slope formula to show that AB∥CD and AB⊥BC.
E. Use the slope formula to show that AB∥CD, and use the distance formula to show that AB = CD and AC = BD.

Answers

Answer:

B.  Use the distance formula to show that AB = CD, BC = AD, and AC = BD.D.  Use the distance formula to show that AB = CD, and use the slope formula to show that AB∥CD and AB⊥BC.E.  Use the slope formula to show that AB∥CD, and use the distance formula to show that AB = CD and AC = BD.

Step-by-step explanation:

Your question does not say, "check all that apply," but I see three possible answers.

A -- can be ruled out because the diagonals of a rectangle are not necessarily perpendicular. This will show the figure is a rhombus.

B -- When both pairs of opposite sides are the same length, the figure is a parallelogram. A parallelogram with equal-length diagonals must be a rectangle.

C -- When opposite sides are the same length, the figure is a parallelogram. The diagonals of any parallelogram will have the same midpoint.

D -- When opposite sides are the same length and parallel, the figure is a parallelogram. A parallelogram with a right angle must be a rectangle.

E -- When opposite sides are the same length and parallel, the figure is a parallelogram. A parallelogram with equal-length diagonals must be a rectangle.

_____

Additional comment

My favorite method is to show AC = BD and their midpoints are the same. The midpoints of the diagonals being the same makes it a parallelogram, and the same-length diagonals makes the parallelogram a rectangle.

25 POINTS HELP ASAP , Please read question THEN answer correctly also will give BRAINLIEST! No guessing.

Answers

Answer:

B and D

Step-by-step explanation:

Simply set each factor, that is the expression in each set of brackets equal to 0;

This will give the equations that you need to solve to get the roots.

Healthy grains is planning a new design for its best-selling oatmeal. It has four containers to choose from

Answers

The question is incomplete:

Healthy Grains is planning a new design for its best-selling oatmeal. It has four containers to choose from. It costs the company $0.03 per cubic inch of oatmeal to fill a container. The company does not want the new container to cost more than $4.00 to fill. Which container should the company use? Use 3.14 for Pi.

Container A: A cylinder with height 7 inches and diameter 5 inches.

Container B: A cylinder with height 10 inches and B = 12.57 inches squared.

Container C: A cylinder with height 5.5 inches and radius 4 inches.

Container D: A cylinder with height 6 inches and radius 3 inches.

Answer:

Container B

Step-by-step explanation:

To find the answer you have to calculate the volume of each container and then, multiply that for $0.03 that is the cost per cubic inch to fill a container.

The formula to calculate the volume of a cylinder is:

V=πr^2h, where

r= radius

h= height

πr^2= base area

Container A:

The radius is half the diameter, so 5/2=2.5.

V= 3.14*(2.5^2)*7= 137.37

Cost= 137.37*0.03= 4.12

Container B:

12.57 inches is the base area, so:

V= 12.57*10= 125.7

Cost= 125.7*0.03= 3.77

Container C:

V= 3.14*(4^2)*5.5= 276.32

Cost= 276.32*0.03= 8.28

Container D:

V= 3.14*(3^2)*6

V= 169.56*0.03= 5.08

According to this, the answer is that the container that the company should use is container B because it costs less than $4.00 to fill.

What is the volume of the prism below?

Answers

answer: the answer is 64!

simplify the expression (3k / 8)^2​

Answers

Answer:

9k/64^2 (9k^2/64^2)

Step-by-step explanation:

Answer:

9k^2/64

Step-by-step explanation:

3*3=9

k*k=k^2

8*8=64

c. two hundred thirty-one and five tenths - in decimal standard form​

Answers

Answer:

231.5

five tenths = 0.5

Standard form of a decimal 231.5

Find the 70th term of the arithmetic sequence -26, -19, -12

Answers

Answer:

  457

Step-by-step explanation:

The general term of an arithmetic sequence is given by ...

  an = a1 +d(n -1)

where a1 is the first term (-26), and d is the common difference (7).

The 70th term of your sequence can be found by putting the numbers into this formula:

  a70 = -26 +7(70 -1) = -26 +483

  a70 = 457

The 70th term of the sequence is 457.

White and black shapes are used in a game Some of the shapes are circles All the other shapes are squares The ratio of white to black shapes is 5:11 The ration of white circles to white squares is 3:7 The ratio of black circles to black squares is 3:8 What fraction of all the shapes are circles

Answers

Is there a picture to this question??

Answer:

9/32

hope this helps

You need to be taller than 48" to ride the roller coaster. Which of the following inequalities shows the height Susan has to be to ride the roller coaster.

h < 48"

h > 48"

h ≤ 48"

h ≥ 48"

Answers

Answer:

> 48"

Step-by-step explanation:

> represents greater than 48"

please help me I would really appreciate it this really affects my grade need the answer the ASAP

Answers

Answer:

27/6, 4 3/6, or simplified version 4 1/2

Step-by-step explanation:

Always convert the mixed numbers into an improper fraction before you solve, this makes it easier to solve.

2 4/6 = 16/6

1 5/6 = 11/6

3 4/6 = 22/6

Now we solve. Remember, you do NOT add the denominator, leave it as 6 not 12. You only add the numerator.

16/6 + 11/6 = 27/6, 4 3/6 or simplified as 4 1/2

22/6 + 5/6 = The same as above.

Ginger still has 40 percent of her book to read. If she has read 180 pages, how many pages does she still have to read?

Answers

Answer:

Ginger still has 40 percent of her book to read. If she has read 180 pages, the number of pages she still have to read:

N = 180 x (100 - 40)/40 = 270 pages

Hope this helps!

:)

Helen is 8 years older than Jane. Twenty years ago Helen was three times as old as Jane. How old is each now?

If Jane's current age is x, the equation will be [ equation ]

Helen is [ ]
years old. Jane is [ ]
years old.

Answers

H = 8 + x

H - 20 = 3(x - 20)

8 + x - 20 = 3(x - 20)

x - 12 = 3x - 60

48 = 2x

24 = x (Jane) -->

33 = H (Helen)

If a punnet of strawberries wrighs 100g, how many punnets would weigh 1 kg

Answers

Step-by-step explanation:

1kg = 1000g so

10 x 100 = 1000

So 100 punnets of strawberries weigh 1 kg

i need some help please

Answers

Answer:

Choice D

Step-by-step explanation:

Answer:

B and D

Step-by-step explanation:

3×4h equals 12h, and 3×2k equals 6k. Which is also known to be 12h+6k.

please answer these, it is urgent

Answers

Answer: 1 is D

2 is c

Step-by-step explanation:

add 5 1/2 kg to 450g​

Answers

1kg = 1000g

51/2 kg= 51/2×1000=51×500=25500g

25500g+450g= 25950g

Answer:

[tex]5950g[/tex]

Step-by-step explanation:

[tex]5 \frac{1}{2} kg \\ = 5kg \: 500g \\ = 5500g[/tex]

Now let's add.

[tex] \: \: \: \: \: \: 5500g \\ + \: \: \: \: 450g \\ =5950 g[/tex]

So the correct answer is,

[tex] = 5950g = 5kg \: 950g[/tex]

hope this helps

brainliest appreciated

good luck! have a nice day!

If f(x)=9x+2, What is the value of the function when x=4?

If f(x)=9x+2, for what value of x is the value of the function 29?

Answers

Answer:

1) 38

2) 3

Step-by-step explanation:

f(x)=36+2

f(x)=38

29=9x+2

27=9x

x=3

Question: What is the value of the function at x=−2?

Answer: y=2

Step-by-step explanation: I took the test.

*THIS IS THE CORRECT ANSWER. PLEASE DON'T ANSWER 3. IT IS WRONG!*

A number increased by 11 is equal to twice the number decreased by 12

Answers

Answer: 10

Step-by-step explanation:

The roots of a quadratic equation are 6 and 3/4. If one of the two factors of the equation is x – 6, what is the second factor?

A. 3x - 4
B. 3x + 4
C. 4x - 3
D. 4x + 3​

Answers

Answer:

  C.  4x - 3

Step-by-step explanation:

The factor could be (x -3/4). Apparently, you're expected to show the factor as 4 times this, or ...

  4x -3 . . . . . matches choice C

___

If r is a root, then (x -r) is a factor. As here, factors containing fractional roots can be multiplied by the denominator to make the coefficients be integers.

What is the solution to the system of equations?

3 x + 10 y = negative 47. 5 x minus 7 y = 40.
(1, –5)
(1, 5)
(–1, –5)
(–1, 5)

Answers

Answer:

  (1, –5)

Step-by-step explanation:

It is relatively easy to try the offered solutions to see what works.

(1, -5)

  3(1) +10(-5) = -47 . . . true

  5(1) -7(-5) = 40 . . . true

(1, -5) is the solution

_____

As a check, you can try some of the other choices:

(1, 5)

  3(1) +10(5) ≠ -47

(-1, -5)

  3(-1) +10(-5) ≠ -47

(-1, 5)

  3(-1) +10(5) ≠ -47

None of the other choices works in the first equation, so they're not the solution.

Answer:

(1,-5)

Step-by-step explanation:

1)get desmos

2)put in numbers

3)where they intersect is the answer.

easy as pie... oh wait pie ain't easy...

easy as ramen

C=
5
9
(F−32)
Can someone please help me with this

Answers

Answer:

The equation above shows how temperature F, measured in degrees Fahrenheit, relates to a temperature C, measured in degrees Celsius. Based on the equation, which of the following must be true?

A temperature increase of 1 degree Fahrenheit is equivalent to a temperature increase of  

5

9

degree Celsius.

A temperature increase of 1 degree Celsius is equivalent to a temperature increase of 1.8 degrees Fahrenheit.

A temperature increase of  

5

9

degree Fahrenheit is equivalent to a temperature increase of 1 degree Celsius.

A) I only

B) II only

C) III only

D) I and II only

Step-by-step explanation:

A girl and a puppy are 850 feet apart when they start running towards each other. The girl runs at a speed of 8 feet per second, and the puppy runs at a speed of 7 feet per second. How soon will they meet?

Answers

Answer:

The correct answer is 56.6666666667 second's

Answer:

56 2/3

Step-by-step explanation:

Please help ASAP! Will give BRAINLIEST! Please read the question THEN answer correctly! No guessing.

Answers

Answer:

D

Step-by-step explanation:

Answer:C and D

Step-by-step explanation:

7x^2-42x=0

First find the highest common factor of 7x^2 and 42x

7x^2=7 x X x X

42x=2 x 3 x 7 x X

Highest common factor is 7x

7x(x-6)=0

7x=0. or x-6=0

x=0. or x=6

A ball is thrown straight up from a cliff. The function f(x)= -4.9t^ + 17t +19 describes the height of the ball, in meters, as a function of time, t, in seconds. What is the maximum height of the ball? At what time is the height reached? Round your answer to one decimal place.

Answers

Answer:

  33.7 m at 1.7 seconds

Step-by-step explanation:

For quadratic ax^2+bx+c, the line of symmetry (x-coordinate of the vertex) is ...

  -b/(2a)

For your quadratic, the vertex (highest point) is reached at time ...

  t = -(17)/(2(-4.9)) = 17/9.8 ≈ 1.7 . . . . seconds

__

The height at that time is ...

  f(17/9.8) = (-4.9(17/9.8) +17)(17/9.8) +19 = 289/19.6 +19 ≈ 33.7 . . . meters

_____

Comment on the function evaluation

We have used the "Horner form" of the function to make evaluation easier.

  f(t) = (-4.9t +17)t +19

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