The company's expectation is $486.26.
Since the probability that an 80-year-old male in the U.S. will die within one year is approximately 0.069941, to determine, if an insurance company sells a one-year, $ 12,000 life insurance policy to such a person for $ 495, what is the company's expectation, the following calculation must be performed:
- (12000 x 0.069941 / 100) + (495 x (100 - 0.069941) / 100) = X
- -8.39292 + 494.65379205 = X
- 486.26 = X
Therefore, the company's expectation is $486.26.
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OK so first I like to find what 10% is which in this case would be 1.8 and to find the other 5% you divide 1.8 by 2 which gets you .9 if you and 1.8 and .9 you get 2.7 and if you add 2.7 to 18 you get 20.7 which is your retail price
Answer: Mary needs to pay $99.36 after using the discount coupon.
Step-by-step explanation:
Find 8% of the total items price and subtracted it from the original price to find the amount she needs to pay after the discount.
8% of 108 = 8.64
108 - 8.64 = 99.36
So $99.36 will be left to pay after using the coupon.
Answer:
D. A value of 0.9 is more than 2 standard deviations from the mean
Step-by-step explanation:
In the figure attached, the distribution of data is shown.
From the picture we can see that:
- The data has a standard deviation of 0.15 (= 0.5 - 0.35 = 0.65 - 0.5)
- The mean of the data is 0.5
- A value of 0.7 is more than 1 standard deviation of the mean.
- A value of 0.9 is more than 2 standard deviations from the mean (0.8 is 2 standard deviations from the mean)