Interpret the following statements from Assignment 1.1: 1) 10 tablets to every 300 mL. 2) An insurer uses 80 cents out of every 1 dollar to pay its customers' medical claims. 3) A health insurer spend

Here are the interpretations of the statements in Assignment 1.1:

Assignment 1.1

1)
Statement: 10 tablets to every 300 mL.
Interpretation: This describes a concentration or ratio of tablets to volume.

$$\frac{10 \text{ tablets}}{300 \text{ mL}}$$

2)
Statement: An insurer uses 80 cents out of every 1 dollar to pay its customers' medical claims.
Interpretation: This represents the proportion of funds used for claims, expressed as a ratio or percentage.

$$\frac{80 \text{ cents}}{1 \text{ dollar}} = \frac{0.80 \text{ dollars}}{1 \text{ dollar}} = 0.80 = 80\%$$

3)
Statement: A health insurer spends 85% leaving 15% for profit and non-medical costs.
Interpretation: This describes the allocation of funds.

$$\text{Spending on claims} = 85\%$$ $$\text{Profit and non-medical costs} = 15\%$$ $$\text{Total allocation} = 85\% + 15\% = 100\%$$

Assignment 1.2 was solved in the previous message.