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Answer:
The profit of the company will be $224.85
Step-by-step explanation:
Let the equation of profit be termed as E(x)
we are given
amount of purchasing the policy (let a)= $1000
probability that women will live for at least 1 year (let b) = 0.9581
amount lost by insurance company if the women dies (let c) = 18,500-1000 = 17,500
the probability woman dies within one year (let d) = 1-0.9581=0.0419
the equation will be
E(x) of profit= a*b - c*d = 1000*0.9581 - 17500*0.0419
= 958.1 - 733.25
= 224.85
the answer is 8.962790 because it is rounded to the nearest millionth
I hope this helps you
Answer:
$5,665
Step-by-step explanation:
First, you multiply 5,500 times 3 to get 16,500, and then divide by 100 to get 165. That is how much she earned over the past three years, but it is NOT her new account balance, because you have to add 5,500 and 165, which you would get a final sum of $5,665. I hope this helps :)
