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3 years ago

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Suppose a life insurance company sells a $250 comma 000 one-year term life insurance policy to a 23-year-old female for $190

. The probability that the female survives the year is 0.999584. Compute and interpret the expected value of this policy to the insurance company. The expected value is $.

1 answer:

inn [45]3 years ago

4 0

Answer:300000

Step-by-step explanation:

22=45==

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$\text {Hi! Let's Solve this Problem!}$

$\text {Before you find the Mean, Medina and Mode you must put the numbers in order.}$

$\text {Before: 83, 97, 85, 84, 96, 80, 80, 87, 91}\\\text {After: 80, 80, 83, 84, 85, 87, 91, 96, 97}$

$\underline {\text {Mean}}$

$\text {To Find the Mean you must Add all the Numbers then Divide.}$

$\text {Add:}$ $\text 80+80+83+84+85+87+91+96+97=\fbox {783}}$

$\text {Divide:}$ $\text {783/9=}$

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$\fbox {87}$

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$\text {To find the Median you find the number that's in the middle of the set.}$

$\text {Put your Left Pointer Finger on 83. Put your Right Pointer Finger on 91.}$

$\text {Move your Left Finger to the Right. Move your Right Finger to the Left.}$

$\text {Once your Left Finger makes it to 84 and your Right Finger makes it to 87}$ $\text {it shows that 85 is left in the middle.}$

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$\fbox {85}$

$\underline {\text {Mode}}$

$\text {Finding the Mode means finding the number}$ $\text { that shows the most in the number set given.}$

$\text {Since 80 is the number that is showing more than any other number}$ $\text {this tells us that 80 is our Mode.}$

$\text {The Mode Is:}$

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$\text {Best of Luck!}$

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Step-by-step explanation:

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Ask: To check and make sure your answer is correct

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Step-by-step explanation:

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