answer:
Step-by-step explanation:
Option A. $1565 for 72months
Then the total is $112,680
Option B. $1012 for a month for 10 years,
10years is equivalent to 120months
Therefore, the total income is 1012×120
$121,440.
Option 3.
$100,000 once payment.
All the information is correct.
But,
Since the individual did not care if he receives the fund or it is transfer to his heir, so we can ignore the third option of collecting $100000 lump sum.
Also, since he is also ready to wait and he is indifferent about who earns the insurance settlement so he can as well wait and ignore the 72months.
So he can go for the second option because it pays the largest amount and he will receive the most payments.
He will receive $121,440 if he waits for ten years.
Answer: 2.2532
Step-by-step explanation:
From the table attached :
Expected probability = sum of p(x) * x ; wher P-X) is the probability of x
E(p(x), x) = (0*0) + (1 * 0.06) *(2*0.1) + (3 * 0.16) * (4 *0.16)+ (5*0.26) * (6 *0.08) + (7 * 0.13) + (8 * 0.05)
Pp(x) * x) = 2.2532
Therefore, the expected value of the distribution is 2.2532
Answer:
This is the answer, if you need an explanation, feel feel to comment and I'll help you out
Step-by-step explanation:
Answer: $17.35
Step-by-step explanation:
Answer:
A=153.94
Step-by-step explanation:
