If a 60 year old buys a $1000 life insurance policy at a cost of $50 and has a probability of 0.954 of living to age 61 find the
1 answer:
Answer:
The expectation of the policy until the person reaches 61 is of -$4.
Step-by-step explanation:
We have these following probabilities:
0.954 probability of a loss of $50.
1 - 0.954 = 0.046 probability of "earning" 1000 - 50 = $950.
Find the expectation of the policy until the person reaches 61.
Each outcome multiplied by it's probability, so:
The expectation of the policy until the person reaches 61 is of -$4.
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Answer:
Option A is correct.
The function for the given graph is;
Step-by-step explanation:
An exponential function is in the form of ......[1] where a is the initial value and b≠ 0 , b >1 .
Given two points as shown in figure i.e,
let A = (0, 2) and B = (1,8)
Substitute these points in equation [1] we have;
For A = (0,2)
= a
⇒ a = 2
and
for B = (1, 8)
or
Substitute the value of a=2 in above equation to solve for b;
2b = 8
divide both sides by 2 we get;
b = 4
Then, the function for the graph is, y=
Answer:
The given congruence is false.
Step-by-step explanation:
Given : Expression
To find : Determine whether the congruence is true or false ?
Solution :
The congruence is in the form
where, x is the dividend
y is divisor
r is the remainder
So, We find
We know, 10 is completely divide by 5 and we get quotient is 2 and remainder is 0.
As
Therefore, The given congruence is false.