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 48 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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ... Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ...
Where do you think these people fit in Gans’ classification of urban dwellers? Where do you think these people fit in Gans’ classification of urban dwellers?
Age is the leading risk factor for cancer Age is the leading risk factor for cancer
The hierarchy of genes involved in establishing the segmented body plan in Drosophila The hierarchy of genes involved in establishing the segmented body plan in Drosophila
Increased Cancer Risk with BRCA1 or BRCA2 Mutation Increased Cancer Risk with BRCA1 or BRCA2 Mutation
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library