If There Are 10,000 People in Your Age Bracket,and 10

question 115

Multiple Choice

If there are 10,000 people in your age bracket,and 10 of them died last year,an insurance company believes that the probability of someone in that age bracket dying this year would be

• A) 0.
• B) .001.
• C) .0001.
• D) 1,000.

Understand operational costs and how they affect pricing strategies.

Learn to compute profit or loss from a sale price in retail settings.

Calculate the actual realized mark-up in special discount scenarios.

Know how to calculate profit or loss for discounted products.

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