
Concept explainers
BUSINESS DECISION: BUSINESS INTERRUPTION INSURANCE
As the owner of a successful business, you have just purchased an additional type of properly insurance coverage known as business interruption insurance. This insurance protects the profits that a company would have earned had there been no problem. Business interruption insurance covers damages caused by all types of perils, such as fires, tornadoes, hurricanes, lightning, or any other disaster except floods and earthquakes.
This insurance pays for “economic" losses incurred when business operations suddenly cease. These include loss of income due to the interruption and additional expenses (e.g., leases; relocation to temporary facilities; overtime to keep up with production demands; recompiling of business, financial, and legal records; and even the salaries of key employees).
Your coverage provides insurance reimbursement for
a. If you have purchased coverage amounting to $20,000 per month, what is the amount of your annual premium?
b. If a tornado put your company out of business for

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Chapter 19 Solutions
Contemporary Mathematics for Business and Consumers
- The chi-squared goodness-of-fit test can be used to test if data comes from a specific continuous distribution by binning the data to make it categorical. Using the OpenIntro Statistics county_complete dataset, test the hypothesis that the persons_per_household 2019 values come from a normal distribution with mean and standard deviation equal to that variable's mean and standard deviation. Use signficance level a = 0.01. In your solution you should 1. Formulate the hypotheses 2. Fill in this table Range (-⁰⁰, 2.34] (2.34, 2.81] (2.81, 3.27] (3.27,00) Observed 802 Expected 854.2 The first row has been filled in. That should give you a hint for how to calculate the expected frequencies. Remember that the expected frequencies are calculated under the assumption that the null hypothesis is true. FYI, the bounderies for each range were obtained using JASP's drag-and-drop cut function with 8 levels. Then some of the groups were merged. 3. Check any conditions required by the chi-squared…arrow_forwardDone Oli ○ Functions Composition of two functions: Domain and range Two functions 0 g 3 4 6 www-awy.aleks.com g and ƒ are defined in the figure below. 8 8 9 Domain of g Range of g Domain of f Range of f 0/5 Anthony Find the domain and range of the composition f.g. Write your answers in set notation. (a) Domain of fog: ☐ (b) Range of fog: ☐ Х Explanation Check 0,0,... Español © 2025 McGraw HillLLC. AIL Rights Reserved Terms of Use | Privacy Center Accessibilityarrow_forwardSolve the following systems using Gauss Seidal and Jacobi iteration methods for n=8 and initial values Xº=(000). - 3x1 + 2x2 x3 = 4 - 2x1 x2+2x3 = 10 x13x24x3 = 4arrow_forward
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- Solve the following nonlinear system using Newton's method 1 f1(x1, x2, x3)=3x₁ = cos(x2x3) - - 2 f2(x1, x2, x3) = x² - 81(x2 +0.1)² + sin x3 + 1.06 f3(x1, x2, x3) = ex1x2 +20x3 + Using x (0) X1 X2 X3 10π-3 3 = 0.1, 0.1, 0.1 as initial conditioarrow_forwardUse the graph of the function y = g(x) below to answer the questions. y' -5 -4 4- 3- 27 -2 -3+ -4 x 4 (a) Is g(-2) negative? Yes No (b) For which value(s) of x is g(x) > 0? Write your answer using interval notation. ☐ (c) For which value(s) of x is g(x) = 0? If there is more than one value, separate them with commas. 0,0... (0,0) (0,0) (0,0) (0,0) OVO 0arrow_forwardIt is given that E4E3E2E1A=⎡⎣⎢⎢⎢−1002−40488⎤⎦⎥⎥⎥. Here the matrices E4, E3, E2, and, E1 are: E1=⎡⎣⎢⎢⎢100010008⎤⎦⎥⎥⎥E2=⎡⎣⎢⎢⎢100010−501⎤⎦⎥⎥⎥E3=⎡⎣⎢⎢⎢1000−10001⎤⎦⎥⎥⎥E4=⎡⎣⎢⎢⎢001010100⎤⎦⎥⎥⎥arrow_forward
- Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
