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
Answer:
Step-by-step explanation:
6+8=14
Answer:
hi........................................
Answer:
1) 11
2) 2
3) 
4) 
5) -2
6) 
Step-by-step explanation:
1) 2
+ 3
- 
=(2 × 2 )+ (3 × 4) - 5
= 4 + 12 - 5
= 11
2) 4
-2
+ 
= (4 × 2) - (2 × 7) + 8
= 8 - 14 +8
= 2
3) 5
- 3
= 5× 
- 3×
+ 4×
+ 2×
= 
=
4) 
= 
=
5) 
= 
= -2
6) 
= 
= 2× - 2× - 
= 
=
Hope the working out is clear and will help you. :)
Formula is (x-h)2+(y-k)2=r2
