Answer:
The profit of the company will be $224.85
Step-by-step explanation:
Let the equation of profit be termed as E(x)
we are given
amount of purchasing the policy (let a)= $1000
probability that women will live for at least 1 year (let b) = 0.9581
amount lost by insurance company if the women dies (let c) = 18,500-1000 = 17,500
the probability woman dies within one year (let d) = 1-0.9581=0.0419
the equation will be
E(x) of profit= a*b - c*d = 1000*0.9581 - 17500*0.0419
= 958.1 - 733.25
= 224.85
Answer:
<h2>A.221.7</h2>
Step-by-step explanation:
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Answer:
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Step-by-step explanation:
Answer:
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Step-by-step explanation:
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