On the 1st of the month, beginning balance of Jacob's charge account is $298.50. A payment of $20 was made on the 15th of the month. It is a 30-day billing cycle. A charge of $45 was made on the 25th of the month. What is the average daily balance?

When meeting with an applicant for health insurance, an insurance producer notices a pack of cigarettes in the applicant's shirt pocket, even though the applicant says he has been a nonsmoker for 10 years. Which of the following statements best describes the producer's responsibility?

A) The producer should provide an agent's report to the insurer explaining what she observed. B) The producer should insist that the applicant change his response to the question on the application. C) The producer should change the answer on the application after the appointment. D) The producer should ignore the fact, since it is the insurer's responsibility to identify this information."

A manager has a choice of three investment funds. To assess them, he looks at their past investment records over the previous five years. The manager is operating under which condition?

A) certainty B) probability C) uncertainty D) risk