Answer:
Option D: 1/3
Step-by-step explanation:
Let
x ------> the entire Stefanie's allowance
we know that
She spends on clothes (1/2)x
She spends on movies (1/6)x
To find out how much more does she spend on clothes that he does on movies, subtract the amount she spends on movies from the amount she spend on clothes
Simplify
therefore
She spends 1/3 more on clothes that he does on movies
Answer:
Expected Value = -$42 (loss of 42 dollars)
Step-by-step explanation:
Complete Question Below:
<em>"There is a 0.9986 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $182 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $110 comma 000 as a death benefit. If a 33-year-old male purchases the policy, what is his expected value?"</em>
<em />
We can say P(survival) = 0.9986 and thus P(not survival) = 1 - P(survival) = 1-0.9986 = 0.0014
Also,
In case 33 year old doesn't live, the payment would be 100,000 - 182 = $99,818
And
In case 33 year old lives, the payment is
-$182
We know, the <em>expected value is the sum of the product of each possibility with its probability.</em>
This means a loss of $42 (or -$42)