Answer:
The expectation of the policy until the person reaches 61 is of -$4.
Step-by-step explanation:
We have these following probabilities:
0.954 probability of a loss of $50.
1 - 0.954 = 0.046 probability of "earning" 1000 - 50 = $950.
Find the expectation of the policy until the person reaches 61.
Each outcome multiplied by it's probability, so:

The expectation of the policy until the person reaches 61 is of -$4.
420 x 4 = 1,680. $1,624 - $1,680 = - $56. $600 x 2 = 1,200 + 1000 = 2,200. This minus the $56 he overdrew = an end of month balance of $2,144.
Answer:
The answer to number 1 is geometric sequence of A>
Step-by-step explanation:
Answer:
$3,919.77
Step-by-step explanation:
I've taken this quiz already. It is a: $3,919.77