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aliya0001 [1]
3 years ago
10

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

expectation of the policy until the person reaches 61. round your answer to the nearest cent.
Mathematics
1 answer:
ANTONII [103]3 years ago
6 0

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:

E = -0.954*50 + 0.046*950 = -4

The expectation of the policy until the person reaches 61 is of -$4.

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aleksklad [387]

Answer:

y = 2.5x + 0

Step-by-step explanation:

Use the slope formula and slope-intercept form y = mx + b to find the equation.

3 0
3 years ago
A playstation 5 is $900 and costs $50 per game. A xbox is $400 and costs $60 per game. How many games will it take for both cons
belka [17]

Answer:

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I made a list that increase in the increments of the game price.

Something like this:

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Left side is PlayStation 5 and right side is Xbox. The first row is the price of the consoles alone and then each row after that is the price of the console with an additional game. As you can see, the third row down on the left, the PlayStation 5 with 2 games is $1,000. If you look at the eleventh row on the right, you can see that Xbox with 10 games is also $1,000

3 0
3 years ago
During a nine-hour snowstorm, it snows at a rate of 2 inches per hour for the first 3 hours, at a rate of 3 inches per hour for
Softa [21]

Answer:

use f(x)=y=mx+b

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In total, it snowed 21.75 inches.

total snow

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3 years ago
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Answer:

4/3

Step-by-step explanation:

6 0
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