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

Author Question: Suppose a comprehensive plan applies to 2,000 low-risk people and 1,000 high-risk people opting for ... (Read 113 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 30, 2018
Suppose a comprehensive plan applies to 2,000 low-risk people and 1,000 high-risk people opting for insurance coverage. If the average claim submitted by low-risk people is 200 while that submitted by high-risk people is 2,000 . what would be the net benefit accrued by a high-risk person paying the break even premium charged by the insurance company?
 a. -300
  b. 1,800
  c. 1,200
  d. -400

Question 2

Owners claim residual income.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

True


clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #2 on: Jun 30, 2018
Correct answers!


mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

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?

The average adult has about 21 square feet of skin.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Calcium consumption is essential for all people Calcium consumption is essential for all people
Risk of death from motorcycle accidents (dashed lines) and passenger accidents (solid lines) per 100 Risk of death from motorcycle accidents (dashed lines) and passenger accidents (solid lines) per 100
Effects of Low and High Doses of Apomorphine Effects of Low and High Doses of Apomorphine
A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli
American people aren't the only ones getting bigger—American pets are also putting on pounds American people aren't the only ones getting bigger—American pets are also putting on pounds
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: Male Reproductive System - Testosterone

For a complete list of videos, visit our video library