Answer:
The expected value for the insurance company is $392.20.
Step-by-step explanation:
The expected value of a random variable, <em>X</em> is:
It is provided that a life insurance company sells a $100,000 one year term life insurance policy to a 30-year old male for $475.
The probability that the male survives the year is, P(S) = 0.999172.
Then the probability that the male does not survives the year is:
P (S') = 1 - P (S)
= 1 - 0.999172
P (S') = 0.000828
The amount the company owes the male if he survives is, S = $475.
The amount the company owes the male if he does not survives is,
S' = $475 - $100,000 = -$99525.
Compute the expected value for the insurance company as follows:
Thus, the expected value for the insurance company is $392.20.
Like terms are those terms, which have the common variable with same powers.
The number of like terms in the given expression are 3, which is . the option 3 is the correct option.
In the algebra or the algebraic expression the like terms are those terms, which have the common variable with same powers.
Given information-
The given expression in the problem is,
The given expression is the algebraic expression which 3 number of unknowns variables.
There is total 6 terms in the given expression. In which 5 terms consists the variables and one term is constant.
In the given expression,
Thus the number of like terms in the given expression are 3, which is . the option 3 is the correct option.
Learn more about the like terms here;