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3 years ago

What is the variance?

Mathematics

1 answer:

kotegsom [21]3 years ago

8 0

Answer:

Variance is the squared deviation and deviation is the difference of observed value from other values

Step-by-step explanation:

Variance is the squared deviation and deviation is the difference of observed value from other values

$variance=\text({standard deviation})^2$

$Variance=\sum\frac{(x-\mu)^2}{N}$

Where, $\mu=\text{mean},N=\text{Number of sample space}$

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3 years ago

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

jarptica [38.1K]

Answer:

a) Monetary values corresponding to the two events are:

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

Step-by-step explanation:

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

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-In case of death in a year

Value: 89834$

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