Suppose a life insurance company sells a $240,000 one year term life insurance policy to a 25-year old female for $210. The prob
1 answer:
Answer:
$112.08 every year.
Step-by-step explanation:
Let's suppose a game in which we bet a certain amount of money ''A'' to a certain result and the probability of that result is ''p''. If the prize that we get is ''P'' therefore the expected value of gain is :
Now,let's suppose that the female is ''betting on her death'' ⇒
P(she survives) = 0.999592
P(she doesn't survive) = 1 - 0.999592=
E(25-year old female) =
The negative sign of E is important.It means that every year the 25-year old female will lose $112.08.
Therefore, the expected value of this policy to the insurance company is $112.08 every year.
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Complete Question:
Attached below as picture.
Answer:
From first graph there is no linear pattern so here linearity assumption violated.
From second graph there is observation is in some pattern like funnel or v shape so there is no constant variance occur that is there is no constant variance for error.
Constant variance for error occur when in residual plot all observation are in scatter everywhere.
From third graph we can say there is positive distribution but for regression analysis we need symmetric that is normal distribution.
Step-by-step explanation:
See graphs attached below.
Answer:
Step-by-step explanation:
The probability can be defined as the ratio between the possible events and the total number of outcomes.
In this case, according to the image attached, the total number of outcomes is 11, because they are 11 marbles in total.
Now, the specific event is all shaded marbles or labeled with a multiple of 3. With this specific characteristics 6 marbles, because there are 5 shaded marbles and 6 is a multiple of 3. So, the possible events are 6.
Therefore, the probability is
The right answer is the last choice.
