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:
C
Step-by-step explanation:
7 goes into 18 two times and there is 4 remainder
Answer: Y=3, X=-2
Step-by-step explanation:
Answer:
The degree of the polynomial is even because it is a 4th degree polynomial. 4 is even, so the graph will behave roughly like a quadratic; namely, its graph will either be up on both ends or else be down on both ends.
The y-intercept is the constant term. The constant term is -4 because it is the only number on the y-axis.
