An insurance company 21) An insurance company płans to sell a $250,000 one-year term life insurance policy to a 60-year-oldfemale. Of 1.5 million females having similar risk factors, the company estimates that 7500 of themwill die in the next year. What Is the premium that the insurance company should charge if itwould like to make a profit of $175 on each policy?A) $1200 per policyB) $1250 per policyC) $140 per policyD) $1425 per policyE) $1390 per policy

Answered: Image /qna-images/answer/1d43e42f-85ba-4fa6-afc8-a3114ee980a8.jpg

Answered: 21) An insurance company plans to sell…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A Tale of Two Cities by Charles Dickens (adapted excerpt) The story takes place during the time of the French Revolution, the storming of the Bastille in Paris. During the riots, Doctor Manette's daughter, Lucy Darnay, learned that the prison had been attacked and the political prisoners held there, including her husband, were in danger. Here Doctor Manette had ascertained, through the registers on the table, that his son-in-law was among the detainees. He had pleaded hard to the Tribunal, in which some members were asleep and some awake, for his life and freedom. In the first frantic greetings lavished on himself as a noted sufferer under the overthrown system, it had been accorded to him to have Charles Darnay brought before the lawless Court, and examined. That, he seemed on the point of being at once released, when the tide in his favor met with some unexplained check (not intelligible to the Doctor), which led to a few words of secret conference. That, the man sitting as President…
Suppose a company charges an annual premium of $110 for an insurance policy for minor injuries. Actuarial studies show that in case of an injury claim, the company will pay out an average of $900 for outpatient care and an average of $3000 for an overnight stay in the hospital. They also determine that, on average, each year there are five claims made that result in outpatient care for every 1000 policies and three claims made that result in an overnight stay out of every 1000 policies. What is the expected annual profit of an insurance policy for the company?
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excerpt from “Shoes: Feet First!”from A History of Travel in 50 Vehiclesby Paula Grey & Phillip Hoose Despite the relatively recent age of the early shoes found to date, scientists believe that humans were wearing shoes as much as 40,000 years ago. Shoes made of reeds, papyrus, or even leather decompose easily, leaving few or no traces. But people who don’t wear shoes have wider feet and bigger gaps between their big toe and the other four. In studying bones of the smaller toes of fossilized skeletons, scientists observed that the thickness of these bones decreased somewhere between 40,000 and 26,000 years ago. They believe the change was the result of wearing shoes. 1 Select the correct answer. Read this sentence again. In studying bones of the smaller toes of fossilized skeletons, scientists observed that the thickness of these bones decreased somewhere between 40,000 and 26,000 years ago. How does the sentence develop the author’s claim in the passage?…
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Group problems: The Collision Problem: You have been hired by an insurance investigator to look into an accident involving a sailboat and a speedboat that occurred on New Year's day at 3:00 in the arternoon. Your job is to determine where (relative to the dock) the collision took place. After your investigation you ascertain the following facts about the case. The speedboat was carrying a toup of 20 people who were returning to shore after enjoying a 2-hour picnic on an island. The island is located 5.2 miles east and 12.6 miles north of the dock. The speedboat was heading from the island toward a point on the shore located 3.0 miles due west of the dock. Around the same time, the sailboat left the dock heading toward a buoy that is 5.0 miles west and 7.5 miles north of the dock. Neither boat made it to its destination since they collided in the water. You interviewed 5 witnesses and 2 lifeguards for 4 hours, in addition to studying nautical maps provided by the Navy. You plan to bill…
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Veterans Day is an official United States public holiday that honors military veterans who served in the United States Armed Forces. It is observed annually on November 11 and coincides with other holidays, including Armistice Day and Remembrance Day, celebrated in other countries that mark the anniversary of the end of World War I. Major hostilities of World War I were formally ended at the 11th hour of the 11th day of the 11th month of 1918, when the Armistice with Germany went into effect. The United States previously observed Armistice Day. The U.S. holiday was renamed Veterans Day in 1954. For all 2017 Veterans Day celebrations, of interest is to determine the mean number of people attending the celebrations. Based on this, what is the population of interest? a) All 2017 celebrations b) All celebrations c) All Veterans Day celebrations d) All 2017 Veterans Day celebrations For all 2017 Veterans Day celebrations, of interest is to determine the mean number of people…
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