Answer:
The expected value for the insurance company is $200
Step-by-step explanation:
In order to calculate the expected value for the insurance company we would have to make the following calculation:
expected value for the insurance company=expected value live+expected value die
expected value live=Net gain*probability of living
expected value live=$300*0.999=$299.70
expected value die=Net gain*probability of die
expected value die=(-$100,000 + $300)*0.001
expected value die=$-99.70
Therefore, expected value for the insurance company=$299.70-$99.70
expected value for the insurance company=$200
The expected value for the insurance company is $200
Answer:
x = 54
Step-by-step explanation:
x - 21 = 33
x = 33 + 21
Answer:
The sum of -8 and 3 is -5
The answer to this question is 24/99. 0.24 with 24 repeating in fractional form is 24/99. You put a 9 in the denominator for every repeating digit.