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Ainat [17]
3 years ago
14

The probability that a 25-year-old female in the U.S. will die within one year is about 0.000514. An insurance company is prepar

ing to sell a 25-year-old female a one-year, $55,000 life insurance policy. How much should it charge for its premium in order to have a positive expectation for the policy? (Round your answer to the nearest dollar.)
Mathematics
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

Step-by-step explanation:

Expected payment= 0.000514*55000= 28.27

which would round to 29

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A right triangle has a leg of 12 cm and a hypotenuse of 19 cm.
Yakvenalex [24]

Answer:

14.7 cm

Step-by-step explanation:

Using Pythagoras Theorem,

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3 years ago
The number of tickets purchased by an individual for Beckham College's holiday music festival is a uniformly distributed random
Zanzabum

1) Mean: 6.5

2) Standard deviation: 3.2

Step-by-step explanation:

1)

A uniform random distribution is the distribution of a variable that can assume n different values, and each of these values is equally likely to occur.

This means that the probability of occurring of each of these values is the same:

p(x_1)=p(x_2)=...=p(x_n)

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\bar x = \frac{1}{2}(a+b)

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b is the highest value of the distribution

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a = 1

b = 12

Therefore the mean value is

\bar x=\frac{1}{2}(1+12)=6.5

2)

For a uniform random distribution, it can be dimostrated that the variance of the distribution is

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a = 1

b = 12

Therefore the variance is

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The standard deviation is the square root of the variance, therefore for this distribution it is:

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Learn more about mean and standard deviation:

brainly.com/question/6073431

brainly.com/question/8799684

brainly.com/question/4625002

#LearnwithBrainly

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3 years ago
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