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
Log₄(y+2) = 3, transform it into exponent form:
(y+2) = 4³
y+2 = 64
y= 62
Answer:
8 hours
Step-by-step explanation:
Step one:
Given data
Tom earned $72 walking dogs for 6 hours
amount earned = $72
time taken = 6 hours
Required
The time taken to earn $96
Step two:
let us find the unit rate of his earning
unit rate = 72/6
= 12 per hour
In 1 hour Tom earns $12
in x hours he will earn $96
cross multiply we have
96*1= 12x
divide both sides by 12
x= 96/12
x=8 hours
Answer:
the answer is 762 adults and 694 students.
Step-by-step explanation:
762 x 5.00 = 3810
694 x 2.50 = 1735
now add 3810 + 1735 = 5545
