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zhenek [66]
3 years ago
6

Michael has a life insurance premium of $400 a year on a term life insurance policy for a 40-year term with $150,000 of coverage

. How does the total cost of the premiums over 40 years compare to the coverage?
Mathematics
1 answer:
iVinArrow [24]3 years ago
6 0
The cost of the premium - $16,000 (40 x $400)
The cost of coverage - $150,000

The cost of the coverage is more
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I need help with the incorrect ones please
Morgarella [4.7K]

Answer:

73.6

61.824

.2776

2.3

1.342

.4129

*note* I had trouble reading the standard deviation of the second part, so if it's not 3 then leave a comment and i will fix it*

Step-by-step explanation:

1.)

the mean would be something like 460*.16= 73.6

The variance should be 460*.16(1-.16)= 61.824 which means the standard deviation is √61.824= 7.863

for p to be less than .15 it would have to be less than .15*460= 69

(69-73.6)/7.863= -.59 which has a probability of .2776

2.)

the mean is 2.3

I am not sure if the standard deviation is 3 or .3 (picture is kind of blurry)

I am thinking that it's three which would mean that the standard deviation would be √(3²*(1/5))= 1.342

(2-2.3)/1.342= -.22 = .4129

5 0
2 years ago
Please help me!!! I need it
ziro4ka [17]

Answer:

0.35865 and 0.35867

Step-by-step explanation:

for this number, the hundreths thousandths place is

0.358659 (bolded)

so, since the 9 rounds up, the estimated number would be 0.35866

the numbers before would be 0.35865 and after, 0.35867

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2 years ago
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