Sweetwater & Associates Write Weekend Trip Insurance at a Very

question 9

Multiple Choice

Sweetwater & Associates write weekend trip insurance at a very nominal charge. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend,what is the probability that exactly two claims will be filed?

• A)0.8187
• B)0.2500
• C)0.0614
• D)0.0001

Recognize gender differences in health outcomes and healthcare behaviors.

Understand the complex interactions between genetics, environment, socioeconomic status, and health.

Understand the concept of the looking-glass self and its significance in the formation of self-concept.

Recognize the role of significant others and social institutions in the early images of self according to George Herbert Mead.

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Definitions:

Calendar Quarter

A period of three consecutive months within a calendar year used for financial and business reporting.

Compounded Monthly

A method of calculating interest where interest is added to the principal balance of an investment or loan once a month.

Future Value

The value of an investment or asset at a specified date in the future, taking into account factors such as interest rates or earnings.

Ordinary Annuity

A sequence of identical payments that are distributed at consistent intervals, where the initial payment is made at the conclusion of the period.