An insurance collector receives 15% commissions on the premium collected per week. How much must he...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
An insurance collector receives 15% commissions on the premium collected per week. How much must he collect per week in order that his annual income may be Rs.6500/-? 1. Rs.1250 2. Rs. 833 3. Rs.720 4. Rs. 650 5. Rs.750 2/3 An insurance collector receives 15% commissions on the premium collected per week. How much must he collect per week in order that his annual income may be Rs.6500/-? 1. Rs.1250 2. Rs. 833 3. Rs.720 4. Rs. 650 5. Rs.750 2/3
Expert Answer:
Related Book For
Probability and Statistics for Engineers and Scientists
ISBN: 978-0495107576
3rd edition
Authors: Anthony Hayter
Posted Date:
Students also viewed these mathematics questions
-
An insurance company charges a customer an annual premium of $100, and there is a probability of 0.9 that the customer will not need to make a claim. If the customer does make a claim, the amount of...
-
Insurance companies collect annual payments from homeowners in exchange for paying to rebuild houses that burn down. a) Why should you be reluctant to accept a $300 payment from your neighbor to...
-
Insurance companies collect annual payments from drivers in exchange for paying for the cost of accidents. a) Why should you be reluctant to accept a $ 1500 payment from your neighbor to cover his...
-
Someone offered the investment options to Hendry on January 1, 2023: 1. Hendry has to save up to 5 times the initial deposit of US $ 150,000/year. 2. The savings cannot be taken for 20 years until...
-
Donna Shader, manager of the Winter Park Hotel, is considering how to restructure the front desk to reach an optimum level of staff efficiency and guest service. At present, the hotel has five clerks...
-
Regarding Brads auto insurance decision, comment on the following: a. His plan to add different types of coverage to his auto insurance policy b. The associated costs of adding different types of...
-
Diverse plc has established a defined benefit pension scheme for all the company's fulltime employees. The scheme receives contributions from the company and the participating employees. The scheme...
-
Monohan Machinery specializes in developing weedharvesting equipment that is used to clear small lakes of weeds. George Monohan, president of Monohan Machinery, is convinced that harvesting weeds is...
-
Capital budgeting is the process that a business uses to determine which proposed fixed asset purchases (or projects) it should accept, and which should be declined. This process is used to make a...
-
The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...
-
Random variable X should be defined as the number of red marbles in a handful of five marbles. And this should be considered as a hyper-geometric since we will be drawing without any replacement from...
-
A. Define international business and other essential terms of international trade. B. Describe how international business differs from domestic business. C. Explain why companies participate in...
-
The importance of cause and effect diagrams in achieving an organizations operations and quality objectives and improving its competitiveness
-
How does the importance of work centrality in different cultures relate to the ability to motivate employees? How do we know if a work group is functioning well in an organization? What are the...
-
Explain the importance of the statement of financial position? Explain with an explanation of a practical example (explanation and numbers are required).
-
Question 1 Let rt denotes the return of a financial asset and denotes the standard deviation of returns at time t. If rt follows an ARMA(2,2) model, rt = 0 + 01rt-1 + 2rt-2+ et +01t1 +02et-2, (a)...
-
Match the terms with its definition or application. precedent CPM/AON WBS crashing feasability
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
Consider the data set of osteoporosis patient heights given in DS 6.6.4. Construct a point estimate of the average height. What is the standard error of your point estimate?
-
Use your computer package to find the following critical points, and check that they match the values given in Table II. (a) X20.10,9 (b) X20.05,20 (c) X20.01,26 (d) X20.90,50 (e) X20.95,6
-
The records at the emergency rooms of five hospitals over a certain period of time were examined. Each patient was classified as either being "admitted to the hospital" or as "returned home." as...
-
Special order decision and considerations (Learning Objective 2) Maui Jane Sunglasses sell for about $150 per pair. Suppose the company incurs the following average costs per pair: Maui Jane has...
-
Pricing decisions given two scenarios (Learning Objective 3) Bennett Builders builds 1,500-square-foot starter tract homes in the fast-growing suburbs of Atlanta. Land and labor are cheap, and...
-
Decide whether to drop a product line (Learning Objective 4) Top managers of Video Avenue are alarmed by their operating losses. They are consid ering dropping the VCR-tape product line. Company...
Study smarter with the SolutionInn App