Answer:
The expected value for the person buying the insurance is of -$48.
Step-by-step explanation:
Expected value:
0.169% = 0.00169 probability of earning the death benefit of $100,000, subtracting 217, 100000 - 217 = $99,783.
100 - 0.169 = 99.831% = 0.99831 probability of losing $217.
What is the expected value for the person buying the insurance?
The expected value for the person buying the insurance is of -$48.
Hello there. Sorry from last time.
What is the standard deviation of the possible outcomes? Roundyour answer to two decimal places.
<span>B.12.55</span>
Answer:
the minimal number is 3
Step-by-step explanation:
Answer:
see below
Step-by-step explanation:
As with many multiple-choice questions, the appropriate choices can often be determined with a simple test. Here, you only need to look at the values of the constants. (Those are ringed in blue.)
Answer:
WTH is that bro, If I had to answer this between a life or death situation I'd die
