This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose an insurance company has two types of customers: low-cost customers with an average cost of ... (Read 201 times)

isam

  • Full Member
  • ***
  • Posts: 156
on: Nov 23, 2022
Suppose an insurance company has two types of customers: low-cost customers with an average cost of $3,750 and high-cost customers with an average cost of $9,000. If the insurance company expects to have a 50-50 mix of customers, what is their expected average cost per customer? When the insurance company charges a premium equal to their expected average cost, however, they find that only 30 percent of their customers are low-cost customers. What is the actual average cost per customer?
Please round your final answer to two decimal places.
◦ $6,375.00, $5,325.00
◦ $12,750.00, $5,325.00
◦ $12,750.00, $7,425.00
◦ $6,375.00, $7,425.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by isam on Nov 23, 2022

ryanb

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


isam

  • Member
  • Posts: 156
Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Types of Colostomies Types of Colostomies
The three types of cytoskeletal filaments The three types of cytoskeletal filaments
Types of uterine fibroids. Types of uterine fibroids.
Cloud Types: Vertical Development Cloud Types: Vertical Development
Immunogenicity of Different Types of Antigens Immunogenicity of Different Types of Antigens
Three types of “end feel” in normal joints. Three types of “end feel” in normal joints.
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library