An insurance company has written 100 policies for $75,000, 500 policies for $25,000, and 1000 policies for $10,000 for people of age 20. If experience shows that the probability that a person will die at age 20 is 0.0015, how much can the company expect to pay out during the year the policies were written? The company can expect to pay out _____ $ over the year after the policies were written.

Answers

Answer 1

Answer:

The company can expect to pay out $45,000 over the year after the policies were written.

Step-by-step explanation:

This can be determined as follows:

The probability that a person will die at age 20 = 0.0015

Revenue from 100 policies = 100 * $75,000 = $7,500,000

Revenue from 500 policies = 500 * $25,000 = $12,500,000

Revenue from 1000 policies = 1000 * $10,000 = $10,000,000

Total revenue from all policies = Revenue from 100 policies + Revenue from 500 policies + Revenue from 1000 policies = $7,500,000 + $12,500,000 + $10,000,000 = $30,000,000

Expected amount to pay out during the year the policies were written = Total revenue from all policies * The probability that a person will die at age 20 = $30,000,000 * 0.0015 = $45,000

Therefore, the company can expect to pay out $45,000 over the year after the policies were written.


Related Questions

1) Fairview and Abbots Rise are 5 in apart on a map that has a scale of 1 in : 18 mi. How far apart are the real cities? 2) A particular satellite is 12 ft wide. A model of it was built with a scale of 1 in :3 ft. How wide is the model? Please help me I have 4 more questoins

Answers

Answer:

1) 90 mi

2) 4 inch

Step-by-step explanation:

1)

Given that the distance between Fairview and Abbots Rise on the map = 5 in

Scale of the map = 1 in: 18 mi

i.e. 1 inch on map is equivalent to an actual distance equal to 18 mi between the cities.

Given that the map has a distance of 5 inches.

Therefore, the actual distance between the cities = 5 [tex]\times[/tex] 18 = 90 mi

2) A particular satellite is 12 ft wide.

Model's scale = 1 in : 3 ft

i.e. 1 inch on map is equivalent to actual distance of 3 ft.

OR

3 ft of actual distance = 1 in on map

1 ft of actual distance = [tex]\frac{1}{3}[/tex] in on map

12 ft of actual distance = [tex]\frac{1}{3}\times 12 = \bold{4\ inch}[/tex]

which of the following can be used to show that these triangles are congruent?

Answers

Answer:

ASA

Step-by-step explanation:

Angle B side BC and angle C

Triangle ABC and CDE are congruent by ASA congruence. Therefore, option E is the correct answer.

In the given figure, ΔABC and ΔCDE.

What is the congruence theorem?

Triangle congruence theorem or triangle congruence criteria help in proving if a triangle is congruent or not. The word congruent means exactly equal in shape and size no matter if we turn it, flip it or rotate it.

Here,

Consider ΔABC and ΔCDE, we get

∠B = ∠E (Given)

BC=CE (Given)

∠BCA = ∠ECD (Vertically opposite angles)

By ASA congruence, ΔABC≅ΔCDE

Triangle ABC and CDE are congruent by ASA congruence. Therefore, option E is the correct answer.

To learn more about the congruent theorem visit:

https://brainly.com/question/24033497.

#SPJ5

An investor flips a house, selling it for $88,000. If her profit was 30%, how much did she pay for the house originally? Round to two decimal places.

Answers

Answer:

She paid $67692.31 for the house originally.

Step-by-step explanation:

Let the initial cost of the house be [tex]x[/tex] dollars.

Given:

Selling price of the house (S.P) = $88000

Profit made = 30% of 'x' = [tex]0.30x[/tex]

We know that,

Profit = Selling Price - Original price

[tex]0.30x = 88000 - x[/tex]

Adding [tex]x[/tex] on both sides, we get:

[tex]0.30x+x = 88000\\\\1.3x=88000[/tex]

Dividing both sides by 1.3, we get:

[tex]x = 88000/1.3\\\\x = \$ 67692.307[/tex]

Rounding to 2 decimal places, we get:

[tex]x=\$67692.31[/tex]

Therefore, she paid $67692.31 for the house originally.


Evaluate this expression.
112.212 - (- 3.25)

Answers

Answer:

115.462

Step-by-step explanation:

Answer: 115.462

Step-by-step explanation:

To start, the first thing we can observe is two negative signs, which we know turns into a positive sign.

Therefore, we now have:

112.212 + 3.25

115.462

Hope this helps!

Helpoooooooooooooooooooo

Answers

Answer:

1. x >/= -1

2. x < 4

3. x </= -1

4. x >/= -2

5. x < -3

6. x </= 7

Step-by-step explanation:

An N-scale model railroad caboose is 3 inches long. N scale is 169 feet to 1 foot.


Let c represent the length of a real caboose. Write a proportion, in terms of c, that can be used to solve for the length of a real caboose. (Hint: Compare feet to inches. How many inches are in one foot?)


How long (in feet) is a real caboose?

ft

Answers

9514 1404 393

Answer:

c/3 = 169/1242 1/4 feet

Step-by-step explanation:

Since we want to know the actual number of feet, we can write the proportion with that in the numerator.

  [tex]\dfrac{\text{actual feet}}{\text{scale inches}}=\boxed{\dfrac{c}{3}=\dfrac{169}{12}}\\\\c=\dfrac{3\cdot169}{12}=42\frac{1}{4}\qquad\text{multiply by 3}[/tex]

The real caboose is 42 1/4 feet long.


Suppose you are going to graph the data in the table below. What data should be represented on each axis, and what would be the
appropriate increments?
Reporting periods Sales
d out of 2
Flag
an
Jan-Mar., 2010
$100,000
Apr.-Jun., 2010
$55,000
Jul.-Sep., 2010
$45,000
Oct-Dec., 2010
$110,000
Jan. --Mar., 2011
$330,000
Apr.-Jun., 2011
$800,000
Jul.-Sep., 2011
$242,000
Oct-Dec., 2011
$150,000

Answers

Answer:

the months would be the x axis and the numbers would be the y axis and the increments could start at 45k and have to go up to 800k don't forget the years with the months

1. An integer is 3 less than 5 times another. If the product of the two integers is 36, then find the integers.

Answers

Answer:

3 and 12

Step-by-step explanation:

3*5=15 and 15-3=12. The product of 3 and 12 is 36.

The integers are 3 and 12.

What is Algebra?

Algebra is a branch of mathematics dealing with symbols and the rules for manipulating those symbols.

let the one integer be x.

Another integer = 5x - 3

According to question,

x *(5x-3 ) =36

5x ² -3 x =36

5x² -3 x - 36 = 0

5x² -15 x +12 x - 36 =0

5x( x-3) + 12 ( x -3) =0

(5x +12)( x- 3)=0

x= -12/5 or 3

So, the integers are 3 and 12.

Learn more about this concept here:

https://brainly.com/question/17023448

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Write the slope-intercept form of the equation of the line described. Through (-2, -2) parallel to y = -2/7x -5

Answers

Answer: y= -2/7x-2

Step-by-step explanation:

To be parrell they have to have the same slope but different y intercepts.

so just put -2 so it will cross that point

Which value of x will make the fraction 10/x equivalent to 2/3?

I need this urgently!!!

Answers

Answer:

The value of x would be 15

Explanation:

10/x = 2/3

Cross multiply:

10 · 3 = x · 2

30 = 2x

30 ÷ 2 = x

15 = x

Ima be doing this for the whole form sorry I’m failing math

Answers

Slope (m) = y/x = -3/2 = -1.5

Answer:

4,0 2,3 ans solutions this may help

14.) Mr. Lovell was playing cards with his son. In the first round he earned 52

points. In the second round he lost 20 points. How would you write this as

an addition problem?

Answers

Answer:

That would be;

+52-20

Step-by-step explanation:

From the first part, he gained/earned 52 points

This is a positive so we have + 52

In the second round , he lost 20

This is a negative so we have - 20

Writing this as an addition problem, it will be;

+52-20

Find the PERCENT of change.
20 dogs to 5 dogs

Answers

Answer:

75%

Step-by-step explanation:

20-5=15 - change in numbers

15/20×100%= 75%

Last month, Jason’s dog drank about 728 ounces of water and his cat
drank about 252 ounces of water.
If Jason’s dog continues to drink this amount, how many ounces of water will he have consumed after 6 months? Show your work in the box below.

Answers

Answer:

131,040

Step-by-step explaination:

There is around 29-31 days in a month, so if you just round it's around 30 days a month.

30×6= 180 (days)

180×728= 131,040 ounces

jasons dog would drink 131,040 in 6 months.

Do you guys know this

Answers

Answer:

18

Step-by-step explanation:

You solve the inner first, then move to the outer.

Let's take a look at g(x) first. It's stated that g(x) = [tex]x^2[/tex]. We plug in 3 for x and get 9 as the answer.

We then use this answer in f(x). The formula stated is f(x) = 2x. We plug in 9 for x and get 18.

Which type of cloud is mostly made up of ice crystals? A. Altostratus B. Cirrus C. Cumulus D. Stratus

I know not math But please help

Answers

Answer:

The answer is B

Step-by-step explanation:

look it up on google.

Answer:

The answer is B

Mostly its of B but some clouds are also made up of cmulus(option C)

A rectangle is 3/5 red. The rest is blue and yellow, but not in equal ratios. What could those ratios be? PLEASE HELP

Answers

Blue can be 1/10 and yellow can be 3/10 or other way around.

Please help it would help a lot

Answers

Answer:

1/2

Step-by-step explanation:

Answer:

y÷x 1÷2=1/2 This is the answer.

Which of the following shows the best communicative property of addition ?
4+5=4-(-5)
4+5=9
4+5=5+4
4+5=4+(2+3)

Answers

Answer:

In the given options, 4+5 = 5+4 shows the best commutative property.

Step-by-step explanation:

One of the properties that can be applied on numbers is commutative property. Commutative property states that the order of the numbers on which any operation is being performed, can be swapped and the answer won't change.

Commutative property can be applied on addition, subtraction and multiplication.

Commutative property of Addition:

Commutative property of addition states that changing the order of adding two numbers does not change the result i.e. a+b = b+a

In the given options, 4+5 = 5+4 shows the best commutative property.

Which of the following describes the following graph?

A. Function only
B. Relation only
C. Neither funtion or relation
D. Both a function and a relation

Answers

The answer is A for the correct answer

write an equation of the line with a slope of -3/4 and y-intercept of -6

Answers

Answer:

y = -3/4x - 6

Step-by-step explanation:

Answer: y = (-3/4)x - 6

Pam drivers 14,735 miles in one year. The next year she drivers 13,869 miles. How many miles did she Drive in all?

Answers

Answer:28604 in total

Step-by-step explanation:

just copy and paste hope this helps

Answer:

28604 miles

Step-by-step explanation:

Just add the two numbers to get the total number of miles:

  14735

+ 13869=

  28604

PLZ HELP!!! WILL GIVE U BRAINLIEST!!!

Answers

Answer:

Graph B is correct

(3,-1)

Step-by-step explanation:

Convert to slope-intercept form and find them on graph.

Answer:

Graph B and (3,-1)

Step-by-step explanation:

Step: Solve x−2y=5 for x:

x−2y=5

x−2y+2y=5+2y (Add 2y to both sides)

x=2y+5

Step: Substitute 2y+5 for x in 3x+15y=−6:

3x+15y=−6

3(2y+5)+15y=−6

21y+15=−6 (Simplify both sides of the equation)

21y+15+−15=−6+−15 (Add -15 to both sides)

21y=−21

(Divide both sides by 21)

y=−1

Step: Substitute−1for y in x=2y+5:

x=2y+5

x=(2)(−1)+5

x=3(Simplify both sides of the equation)

Answer:

x=3 and y=−1 or (3,-1)

y=_x+_ what would be the answer​

Answers

Answer:

y = -1/4x + 2

Step-by-step explanation:

slope = rise over run

-1 rise for 4 run

y intercept = 2

y = -1/4x + 2

18% of the cars in the parking lot are blue.If there are 150 cars in the parking lot,how many cars are blue

Answers

Answer:

Step-by-step explanation:

14

A total of $5000 is invested: part at 5% and the remainder at 15%. How much is invested at each rate if the annual interest is $720?

Answers

Answer:

At 5% , $300 was invested

At 15%, $4,700 was invested

Step-by-step explanation:

Let the amount invested at 5% be $x and the amount invested at 15% be $y

x + y = 5000 ••••••(i)

Let’s work with the interest;

5% of x + 15% of y = 720

0.05x + 0.15y = 720 •••••(ii)

From i;

x = 5000-y

Insert this into ii

0.05(5000-y) + 0.15y = 720

= 250 - 0.05y + 0.15y = 720

250 + 0.1y = 720

0.1y = 720-250

0.1y = 470

y = 470/0.1

y = $4700

x = 5000-y

x = 5000-4700 = $300

choices for the first select

∠7 or none of the angles

choices for the second select

is or is not

choices for the third select

is or is not

giving brainliest !!!!!

Answers

Answer:

1. None of the angles

2. Is not

3. Is not

Step-by-step explanation:

We can see if the triangles are congruent by ASA (angle, side, angle)

We find ∠F in DEF by 180-(64+78)=38 and 38 doesn't equal 39 so they are not congruent.

Can somebody help me with solve this question

Answers

Answer:

f⁻¹(y) = y^(-7/17)

Step-by-step explanation:

f(x) = x^(-17/7)

To find the inverse, switch x and y, and solve for y.

x = y^(-17/7)

x^(-7/17) = y

Therefore, f⁻¹(y) = y^(-7/17).

Find the number whose arithmetic square root is 0.6

Answers

Answer: 0.36

Step-by-step explanation:

6/10 x 6.10= 36/100

A company manufactures fuel tanks for cars. The total weekly cost (in dollars) of producing x fuel tanks is given by ... C(x) = 10000 +90x - 0.08x2 Find the exact cost of producing the 501st item.

Answers

Answer:

cost of producing the 501st item = $9.92

Step-by-step explanation:

The function representing the cost is given by;

C(x) = 10000 + 90x - 0.08x²

To get the cost of producing the 501st item, we have to first find the cost of producing 500 items and then do the same for 501 items then subtract the values gotten.

Thus;

C(500) = 10000 + 90(500) - 0.08(500)²

C(500) = 10000 + 45000 - 20000

C(500) = $35000

Similarly;

C(501) = 10000 + 90(501) - 0.08(501)²

C(501) = 10000 + 45090 - 20080.08

C(501) = $35009.92

cost of producing the 501st item = C(501) - C(500) = 35009.92 - 35000 = $9.92

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