answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
velikii [3]
2 years ago
3

After getting married, Joe, 32, and Melinda, 29, decide to take out life insurance policies.  Joe would like a 15-year term poli

cy and Melinda would like a 20-year term policy.  They each want a $300,000 policy.  How much can Joe and Melinda expect to pay in premiums the first year? a. $2,478 b. $2,484 c. $1,488 d. $2,409
Mathematics
2 answers:
Nesterboy [21]2 years ago
5 0
B.$2,484 is the correct answer.
charle [14.2K]2 years ago
3 0

Answer:

The answer is A, 2, 478.

Step-by-step explanation:

It should be noted that the premium on a life insurance is the amount paid in exchange for the insurance policy in itself.

The younger your are, the cheaper the premium charges are going to be. There are no specific or standard formulas for calculating premium. However, individual insurance issuing companies have in-house methods of calculation their premium on insurance polices.

In the case of Joe and Melinda, their age and the duration of time will be the considering factor for issuing them a premium.

So since they are still relatively young and hoping to purchase policies for a long period of time, their premium will be cheaper than all available options which makes the answer A.

You might be interested in
Let B ∼ Bin(20,0.2). Compute the following probabilities. I would suggest computing these with a hand calculator using the formu
Makovka662 [10]

Answer:

a) 0.2182

b) 0.0691

c) 0.9309

Step-by-step explanation:

Binomial probability distribution

The binomial probability is the probability of exactly b successes on n repeated trials, and B can only have two outcomes.

P(B = b) = C_{n,b}.p^{b}.(1-p)^{n-b}

In which C_{n,b} is the number of different combinations of b objects from a set of n elements, given by the following formula.

C_{n,b} = \frac{n!}{x!(n-b)!}

And p is the probability of B happening.

In this problem we have that:

Bin(20,0.2).

This means that n = 20, p = 0.2

(a) P(B=4).

P(B = b) = C_{n,b}.p^{b}.(1-p)^{n-b}

P(B = 4) = C_{20,4}.(0.2)^{4}.(0.8)^{16} = 0.2182

(b) P(B≤1).

P(B \leq 1) = P(B = 0) + P(B = 1)

P(B = b) = C_{n,b}.p^{b}.(1-p)^{n-b}

P(B = 0) = C_{20,0}.(0.2)^{0}.(0.8)^{20} = 0.0115

P(B = 1) = C_{20,1}.(0.2)^{1}.(0.8)^{19} = 0.0576

P(B \leq 1) = P(B = 0) + P(B = 1) = 0.0115 + 0.0576 = 0.0691

(c) P(B>1).

Either B is less than or equal to 1, or B is larger than 1. The sum of the probabilities of these events is decimal 1. So

P(B \leq 1) + P(B > 1) = 1

We have that, from b), P(B \leq 1) = 0.0691

So

0.0691 + P(B > 1) = 1

P(B > 1) = 0.9309

8 0
2 years ago
What set of reflections would carry triangle ABC onto itself?
aivan3 [116]
<span><u><em>The correct answer is:</em></u>
4) y-axis, x-axis, y-axis, x-axis.

<u><em>Explanation</em></u><span><u><em>: </em></u>
Reflecting a point (x,y) across the <u>x-axis</u> will map it to (x,-y).
Reflecting a point (x,y) across the <u>y-axis</u> will map it to (-x,y).
Reflecting a point (x,y) across the line <u>y=x</u> will map it to (y, x).

We want a series of transformations that will map every point (x,y) back to (x,y). This means that everything that gets done in one transformation must be undone in another. The only one where this happens is #4.

Reflecting across the y-axis first negates the x-coordinate; (x,y) goes to (-x,y).
Reflecting this across the x-axis negates the y-coordinate; (-x,y) goes to (-x,-y).
Reflecting this point back across the y-axis negates the x-coordinate again, returning it to the original: (-x,-y) goes to (x,-y).
Reflecting this point back across the x-axis negates the y-coordinate again, returning it to the original: (x,-y) goes to (x,y).
We are back to our original point.</span></span>
8 0
2 years ago
Read 2 more answers
Jeff Brown has collected sales data for his cupcake stand. Calculate the weighted moving average forecast for period 13 with wei
valentinak56 [21]

Answer:

Step-by-step explanation:

To calculate the weighted moving average for period 13 with weights 0.4 and 0.3.

P13 = (30.7x 0.4) + (42.0x 0.3)

P13 = 12.28 + 12.60

P13 = 24.88

6 0
2 years ago
Jorge solves the equation 4x-(x+2)+6
Burka [1]

Answer:

Step-by-step explanation:

2x+6

<3

Callie

4 0
2 years ago
Read 2 more answers
An oblique rectangular prism with a square base has a volume of 539 cubic units. The edges of the prism measure 7 by 7 by 14 uni
kozerog [31]
The answer is 3 units
7 0
2 years ago
Read 2 more answers
Other questions:
  • Consider the function represented by the equation y-6x-9=0. Which answer shows the equation written in function notation with x
    12·2 answers
  • Workers on the assembly line produce 4x + 6 boats each day. Which expression shows how many boats they produced in 12 days?
    7·2 answers
  • Tommy has a piece of toast that has butter on one side, and he dropped it twice. Both times, it landed with the butter side up.
    6·2 answers
  • A conical cup is made from a circular piece of paper with radius 10 cm by cutting out a sector and joining the edges as shown be
    10·1 answer
  • !!!!!!PLEASE HELP, WILL MARK BRAINLIEST. PLEEEEES!!!!!!!! Square EFGH is drawn on a coordinate plane. Diagonal FH is on the line
    5·1 answer
  • Four numbers from the set 0 to 9, including 0 and 9, are used to create a personal identification number. Once a number is used,
    9·1 answer
  • Heather wants to purchase a pet from her local pet store. The pet store is offering 50% off rare exotic parrots. The original pu
    14·2 answers
  • Which describes changes to the graph of w(x), when applying the transformation w(x – 19)?
    9·1 answer
  • The graph shows the cost of a lunch in a school’s cafeteria since school started.
    9·2 answers
  • Brian invests £1850 into his bank account. He receives 2.7% per year simple interest. How much will Brian have after 3 years? Gi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!