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).
-------------------
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?
----
Ans: -226 ; 50,000-226 = 49774
-------------------------
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.
----
E(x) = 0.9968*(-226) + 0.0032(49774) = -$66
==================================================
Cheers,
ROR
Step-by-step explanation:
24 employees from each sales department at each location
Answer: 3
Step-by-step explanation:
simply divide 1200 by 400. :)
The <em>correct answer</em> is:
$30.
Explanation:
Writing the transaction amounts as signed integers, we have:
+30, -20, -30, +40, -50
We want to add these together. Addition is commutative, which means we can add the positive integers before the negative:
30+40+(-20)+(-30)+(-50)
70+(-20)+(-30)+(-50)
We can now add the negative integers together:
70+(-50)+(-50)
70+(-100)
Adding these together, we have
-30
This means we would need at least $30 to avoid overdrafting the account.