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kramer
3 years ago
13

A 40-year-old man in the U.S. has a 0.24% risk of dying during the next year . An insurance company charges $260 per year for a

life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar.
Mathematics
1 answer:
Anon25 [30]3 years ago
6 0
0.24%=.0024
Expected value=100000 x 0.0024=$240
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(b ) 0.0392;  A. Yes , because the probability is less than 0.05

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Probability of regular soda; P (regular soda) = 4/18

Probability of diet soda; P (diet soda) = 14/18

Let R = Outcome of Regular soda

      D = Outcome of Diet soda

P (R) = 4/18

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Note that it is a probability without replacement situation

The total sample space for randomly selecting two cans from the 18 packs is given as :

R     R

R     D

D    R

D    D

(a.) Determine the probability that both contain diet soda.

P(both Diet Soda) = P (DD)

                             =   14/18 x 13/17

                             = 0.59477

                             ≈ 0.5948

(b.) Determine the probability that both contain regular soda.

 P (both regular soda) = P (R R)

                                     =  4/18 x 3/17

                                     = 0.039215

                                     ≈ 0.0392

Would this be unusual?

A. Yes , because the probability is less than 0.05

(c.)  Determine the probability that exactly one is diet and exactly one is regular

P(exactly one regular) = P(RD) + P(DR)

                                    =   (4/18 x 14/17) + (14/18 x4/17)

                                    = 0.36601

                                    ≈ 0.3660

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