Evaluate the quotient of 1.05 x 103 and 1 x 103: 1.05 x 109 1.05 x 106 1.05 x 100 1.05 x 10-6
2 answers:
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Answer:
Step-by-step explanation:
Just multiply the two sides
1.
Use FOIL (First, Outer, Inner, Last)
2.
^ After simplifying
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.