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Answer:
The answer is 15.
Step-by-step explanation:
Answer:
$112.08 every year.
Step-by-step explanation:
Let's suppose a game in which we bet a certain amount of money ''A'' to a certain result and the probability of that result is ''p''. If the prize that we get is ''P'' therefore the expected value of gain is :
Now,let's suppose that the female is ''betting on her death'' ⇒
P(she survives) = 0.999592
P(she doesn't survive) = 1 - 0.999592=
E(25-year old female) =
The negative sign of E is important.It means that every year the 25-year old female will lose $112.08.
Therefore, the expected value of this policy to the insurance company is $112.08 every year.
You can use the properties of logarithm to derive the simplified form of the given expression.
The simplification of the given expression requires the given below properties of logarithm
When you raise a number with an exponent, there comes a result.
Lets say you get
Then, you can write 'b' in terms of 'a' and 'c' using logarithm as follows
Some properties of logarithm are:
The given expression is
Using the property , we get
Using the property , we get
Thus,
The simplification of the given expression requires the given below properties of logarithm
Learn more about logarithms here: