Answer:
The inverse function of f(x) is ... f⁻¹(x) = log (x/9.16)/log (1.0054)
Step-by-step explanation:
Starting equation... f(x) = 9.16(1.0054)ˣ
Visually rewritten... y = 9.16(1.0054)ˣ
Flipping x and y... x = 9.16(1.0054)ʸ
Isolating (1.0054)ʸ... x/9.16 = (1.0054)ʸ
Taking the log of both sides... log (x/9.16) = y log (1.0054)
Isolating y... log (x/9.16)/log (1.0054) = y
Solution... y = log (x/9.16)/log (1.0054)
Answer:896.9
Step-by-step explanation:
Let x denotes excess premium over claims
, There are two possibilities
(i)Only husband survives
This can be possible with a possibility of 0.01
Claims=10,000
Premium collected
Thus x=1000-10,000=-9000
(ii)Both husband and wife survives
This can occur with a probability of 0.96
Here claims will be 0 as both survives
Premium taken=1000
thus x=1000
The probability that the husband survives is the sum of above cases
=0.96+0.01=0.97
Hence the desired conditional Expectation