An organization uses scanlon plan to provide incentives to employees. the workers produce parts worth $5 million. the target ratio set by the organization is 30%. the employees will be given a bonus if the actual labor costs are less than: question 46 options: a) $0.5 million b) $1 million c) $1.5 million d) $2 million e) $2.5 million

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value