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 132 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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Body plan of a common rotifer, Philodina genus Body plan of a common rotifer, Philodina genus
The mollusc body plan. The mollusc body plan.
These adolescents have just graduated and look forward to moving on from high school and adolesence These adolescents have just graduated and look forward to moving on from high school and adolesence
People have seen patterns in the stars since ancient times.[5] This 1690 depiction of the constellat People have seen patterns in the stars since ancient times.[5] This 1690 depiction of the constellat
The Structure of an Old High-Mass Star The Structure of an Old High-Mass Star
Acoelomate body plan of a flatworm Acoelomate body plan of a flatworm
Video: PET Scan Animation

For a complete list of videos, visit our video library