The expected value for the person buying the insurance is -25.
<h3>How the expected value is calculated?</h3>
The expected value is the average gain or loss of an event if the event is repeated a number of times.
Expected value = ∑xP(x)
<h3>Calculation:</h3>
It is given that,
The probability of a 47-year-old woman passing away during the coming year is 0.179% = 0.00179
The death benefit = $100,000 - $204 = $99,796
The loss from living = -204
Then the expected value = 99796(0.00179) + (-204)(0.99821) = -25
Therefore, the expected value for the person buying the insurance is -25.
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Answer:
It is true, except when x = 2/5, since it is an asymptote.
Step-by-step explanation:
3x=5xy-2y
3x=y(5x-2)
3x/5x-2=y
5x-2=0 -------> 5x=2 --------> x=2/5
There are 431 females
785-77=708
708/2=354
354=males
354+77=431
431=females
to check work do 431=354 and that equals 785
