There is a 0.9968 probability that a randomly selected 50-year-old female lives through the year (based on data from the U.S. Department of Health and Human Services).
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A Fidelity life insurance company charges $226 for insuring that the female will live through the year. If she does not survive the year, the policy pays out $50,000 as a death benefit.
From the perspective of the 50-year-old female, what are the values corresponding to the two events of surviving the year and not surviving?
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Ans: -226 ; 50,000-226 = 49774
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If a 50-year-old female purchases the policy, what is her expected value?
WORK TRIED:
In the event she lives, the value is -$226. In the event she dies, the value is $49,774.
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E(x) = 0.9968*(-226) + 0.0032(49774) = -$66
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Cheers,
ROR
The nearest integer is 7 because the nearest perfect square root is 49. Answer is 7-8
Answer:
10 Cups of Milk
Step-by-step explanation:
2/3 cup of milk --->10 cookies
x cup of milk --->150 cookies
x=((2/3)*150)/10=(2/3)*15=10 cups of milk
Answer:
8 + k² - 6 > 8(k + 2) - 4k when k = 7
Step-by-step explanation:
8 + k² - 6 = 8 + 7² - 6 = 51
8(k + 2) - 4k = 8(7 + 2) - 4(7) = 8(9) - 28 = 44
8 + k² - 6 > 8(k + 2) - 4k when k = 7
