Answer:
The expected value for the person buying the insurance is of -$48.
Step-by-step explanation:
Expected value:
0.169% = 0.00169 probability of earning the death benefit of $100,000, subtracting 217, 100000 - 217 = $99,783.
100 - 0.169 = 99.831% = 0.99831 probability of losing $217.
What is the expected value for the person buying the insurance?
The expected value for the person buying the insurance is of -$48.
Answer:
The money each will get are <u>500 to Ravi</u> , <u>750 to Raju</u> and <u>1250 to Ravi</u>. And there percentages are <u>Ravi's 20%</u>, <u>Raju's 30%</u> and <u>Roy's 50%</u>.
Step-by-step explanation:
Given:
2500 is to be divided among Ravi, Raju and Roy, so that Ravi gets two parts, Raju has three parts and Roy five parts.
Now, to find the money each will get and the percentages of it.
Let the price of one part be
The price of two parts be
The price of three parts be
And the price of five parts be
According to question:
Dividing both sides by 10 we get:
<em>Ravi gets two parts = </em><em />
<em>Raju gets three parts = </em><em />
<em>Roy gets five parts =</em>
Now, the percentage of the money they get:
Percentage of Ravi's share:
Percentage of Raju's share:
Percentage of Roy's share:
Therefore, the money each will get are 500 to Ravi , 750 to Raju and 1250 to Ravi. And there percentages are Ravi's 20%, Raju's 30% and Roy's 50%.