A casualty insurer issues a policy that protects against a loss that occurs 15% of the time at $500 and 10% of the time at $1000, otherwise there is no loss. There is a deductible of $100 and a maximum benefit of $500 after the deductible. What is the variance of the benefit

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation