<u>Answer</u>:
The female would pay $322.00 less for a policy of $25,000
<u>Step-by-step explanation:</u>
Since we have given that
Amount for policy = $25000
If she opt for 20 year life insurance at $2.90 per $1000.
so, her amount of premium becomes
=$72.50
If she opt for straight life insurance at $15.78 per $1000,
Then, her amount of premium becomes
= $394.50
Difference between them is given by
$394.50-$72.5 = $322.00
Answer:
The expected number of times is 4.
Step-by-step explanation:
Looking at the question, we see that this follows a geometric distribution because it is asking for the expected number of trials hat will bring about the FIRST SUCCESS. The probability of success is
Since it is a geometric distribution, we know that the expected value of a random variable X, E(X) that follows a geometric distribution is given as:
E(X) = 1/p where p is the probability of success.
Therefore, the expected number of times will be
E(X) = 1/(1/p) = 1/(1/4) = 4.
Hence, the expected number of times is 4.
Answer:
220
Step-by-step explanation:
Step-by-step explanation:
h(x) = (x-11)(x+3)
= x^2 + 3 - 11x - 33
= x^2 - 11x -30