Answer:
just a side note, uhh i cant see your pictures. I dont know
if anyone else can or not but yeah
Step-by-step explanation:
<3
Answer:
$53.83
Step-by-step explanation:
The question is <em>"What is the expected value for the insurance company?"</em>
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The expected value is the sum of the product of each possibility and its probability.
Thus, we have:
The probability of living is 0.9989 and its value is 153
THe probability of dying is (1-0.9989=0.0011) and its value is -90,000
Now, the expected value is:
E(x) = (0.9989)(153) + (0.0011)(-90,000) = $53.83
