Mathematics, 19.04.2021 15:20 ariellewallenst4348
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 $27,400 to the beneficiary of the policy. Executives at Avicenna are considering offering these policies for $765 each. Suppose that for each holder of a policy there is a 3% chance that they will die before the age of 70 and a 97% chance they will live to the age of 70.
Required:
If the executives at Avicenna know that they will sell many of these policies, should they expect to make or lose money from offering them?
Answers: 1
Mathematics, 21.06.2019 15:30, potato1458
What is the best reason for jacinta to have a savings account in addition to a checking account
Answers: 1
Mathematics, 21.06.2019 19:50, gymnastattack
Drag each tile into the correct box. not all tiles will be used. find the tables with unit rates greater than the unit rate in the graph. then tenge these tables in order from least to greatest unit rate
Answers: 2
Avicenna, a major insurance company, offers five-year life insurance policies to 65-year-olds. If th...
Mathematics, 27.08.2019 22:10