There is a 0.9968 probability that a randomly selected 50-year-old female lives through the year (based on data from the U.S. Department of Health and Human Services).
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A Fidelity life insurance company charges $226 for insuring that the female will live through the year. If she does not survive the year, the policy pays out $50,000 as a death benefit.
From the perspective of the 50-year-old female, what are the values corresponding to the two events of surviving the year and not surviving?
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Ans: -226 ; 50,000-226 = 49774
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If a 50-year-old female purchases the policy, what is her expected value?
WORK TRIED:
In the event she lives, the value is -$226. In the event she dies, the value is $49,774.
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E(x) = 0.9968*(-226) + 0.0032(49774) = -$66
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Cheers,
ROR
(3, -4) is on the line because the equation is point-slope equation where the point (x1, y1) is;
y - y1 = m(x- x1)
Answer:
It's 10
Step-by-step explanation:
10 can be divided by five and 5 can also be divided by five and it's the least number that can be divided by five.
Answer:
Option B
Step-by-step explanation:
|-1| 
-1
|-1| = 1
