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antoniya [11.8K]
3 years ago
10

Ritika bought 5 meters of cloth from the market. She cut off 2 3/4 meters and gave it to Aditi. What length of cloth is left wit

h her?
Mathematics
1 answer:
Mekhanik [1.2K]3 years ago
7 0

Answer:

I think its 3/2

hope it will help you

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There is a 0.9991 probability that a randomly selected 31​-year-old male lives through the year. A life insurance company charge
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Answer:

a) Monetary values corresponding to the two events are:

-In case of surviving the year = -166$

-In case of a death in the year = 89834$

b) Expected value of the purchasing the insurance is -85 $

c) Yes, insurance company can make a profit with this policy.

Step-by-step explanation:

<em>a)</em> The man need to pay 166$ first to enroll the insurance policy. If he survives within a year, he will lose 166$. Otherwise, if he dies within a year he will profit 89834$.

<em>b)</em> Expected value of the purchasing the insurance as following:

<u>-In case of surviving the year: </u>

Value: -166$

Probability: 0,9991

<u>-In case of death in a year </u>

Value: 89834$

Probability: 0,0009

Expected value is E(x) = -166×0,9991 + 89834×0,0009 = -85 $

<em>c)</em> Lets consider that 10000 different 31 year old man enrolled to this insurance policy. According to probability of death, 9 out of 10000 man expected to be dead within the year. Therefore, company need to pay 9*90000 = 810000$ to their costumers. But, company will collect 10000*166=1660000$ from their costumers in the beginning of the year

So, it is expected that company is going to profit 1660000-810000=850000$ per year.

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