Business, 21.04.2020 01:21, chonawilson4
Assume that three business owners each own an identical storage building valued at 120,000$. Assume that there is a 1% chance in any year each building will be destroyed by a peril (fire), and that a loss to any of the buildings is an independent event. Assuming that:
• Fire events are independent of each other
• Each building faces same types of risks and environmental conditions. Given that, solve the following questions:
1. Use the compound probability of independent events law to find the sample space of the probability of each possible event
2. Find the annual expected loss for each of the insureds.
3. Find the risk of incurrence of losses (Std dev).
Answers: 2
Business, 21.06.2019 21:20, HannyBun
Abakery wants to determine how many trays of doughnuts it should prepare each day. demand is normal with a mean of 5 trays and standard deviation of 1 tray. if the owner wants a service level of at least 95%, how many trays should he prepare (rounded to the nearest whole tray)? assume doughnuts have no salvage value after the day is complete.
Answers: 2
Business, 22.06.2019 00:30, camillaowens206
Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach
Answers: 3
Business, 22.06.2019 13:50, tinasidell1972
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Assume that three business owners each own an identical storage building valued at 120,000$. Assume...
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