The answer is d because its the only one with $6 on 2 days
Does not let me write the answer so I screen shot it hope it helps.
answer is 23
The expected value is equivalent to the current receivable payment minus any potential payouts. The insurance company is assured of the $320 payment they will receive. Then the probability that the female will not survive the year is 1 - 0.999647 = 0.000353. We multiply this probability by the value of $250,000 to get $88.25. Then we subtract $320 - $88.25 to get the expected value of $231.75.
Answer:
1.5 goes in between the 0 and the first line (meaning 1) and 0.5 goes in between the left of the zero and the line before the zero