Answer: Option 'D' is correct.
Step-by-step explanation:
I need to borrow some money from my parents as my deficit has <u>grown or increased.</u>
If deficit of any individual increases , means, he is short of money.
So, he needs to borrow from his parents.
Hence, Option 'D' is correct.
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.
Learn more about the expected value here:
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It is
11, 1/2, -2
because a rational number is part of a whole expressed as a fraction, decimal or a percentage. Hope this helps!
H(x) = (x - 5)
domain can be any number
