Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 24-year-old female for $200. The probability that the female survives the year is 0.999569. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ (Round to two decimal places as needed​

Answers

Answer 1

Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 23-year-old female for $260 the expected value of this policy to the insurance company will be:$198.35

Expected value=(260×0.999589)-(150,000-$260)×(1-0.999589)

Expected value=259.89314-149,740×0.000411

Expected value=$198.35

Interpretation of the Expected value:

Based on the above calculation the insurance company is expect to make an average profit of $198.35 on every 23-year-old female it insured for 1 year.

Inconclusion Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 23-year-old female for $260 the expected value of this policy to the insurance company will be:$198.35


Related Questions

PLS HELPPPPPPPPPPPPPPPPPPPPPPPPP

Answers

Answer:

the answer to that I think is a or c. either one of those.

A soda company had sales of $35,107 million in 2010 and $45,992 million in 2014. Use the Midpoint Formula to estimate the sales in 2012. that the sales followed a linear pattern

Answers

Answer:

40,550

Step-by-step explanation:

40, 550 is the mod point

Evaluate the expression
12 - 3 2+429,- 4) for y = 3.

Answers

Answer:

9,427) y=5

is correct answer

2(5x+4)+3x
Solve.
No spam.​

Answers

Answer:

≈13x+8

Step-by-step explanation:

Let's simplify step-by-step.

2(5x+4)+3x

Distribute:

=(2)(5x)+(2)(4)+3x

=10x+8+3x

Combine Like Terms:

=10x+8+3x

=(10x+3x)+(8)

=13x+8

[tex] \boxed {\bf Answered \: by \: subhash}[/tex]

[tex] \boxed{\bf Good \: luck \: for \: your \: assignment}[/tex]

Simplify 2^4 x 2^3 / 2^5 x 2^4
In index form

Answers

Answer:

1/2^2

Step-by-step explanation:

There can't be a negative exponent

Answer:

2^6 would be index form

Step-by-step explanation:

a bottle holds 80 fluid ounces of lemonade. how much is this in pints

Answers

Answer: 5 pints

Step-by-step explanation:

divide the volume value by 16

so 80 divided by 16.

Suppose A={0,12,−3,7,18}, B={−1,5,7,18}, and C={−3,5,9}. What is A∩(B∪C)?

Answers

Answer: {-3, 7, 18}

Step-by-step explanation:

B ∪ C = {-3, -1, 5, 7, 9, 18}

A ∩ (B∪C) = {-3, 7, 18}

please give me a brainliest answer

Answer:

A∩(B∪C)={-3, 7, 18}

Step-by-step explanation:

First we look at PEMDAS.

In A∩(B∪C), parentheses come first.

So, we do B∪C.

The ∪ symbolizes union, which means you have to combine the elements of the two sets.

If B={−1,5,7,18}, and C={−3,5,9}, then both of them together is {-3,−1,5,7,9,18}. I used underlining and italics to show where the numbers came from. There is a 5 in both sets, but you only have to put it once.

B∪C={-3,−1,5,7,9,18}.

Now that we have B∪C, we can solve for A∩(B∪C).

∩ means intersection, so you find the elements in both sets. Basically, just look for numbers that appear in both A and B∪C.

B∪C={-3,−1,5,7,9,18}

A={0,12,-3,7,18}

Therefore, A∩(B∪C)={-3, 7, 18}

Hope this helped! <3

Simplify the expression

Answers

Answer:

[tex]-\frac{4}{7} -\frac{8}{7} i\sqrt{5}[/tex]

Step-by-step explanation:

To rationalize the denominator, we would have to multiply by the complex conjugate of 6 + 2i√5 which is 6 - 2i√5:

[tex]\frac{8-8i\sqrt{5} }{6+2i\sqrt{5} } *\frac{6-2i\sqrt{5} }{6-2i\sqrt{5} }[/tex]

The denominator resembles the difference of squares:

6^2 - (2i√5)^2

36 + 20

56

Next we would need to multiply the numerator, but before, notice we can factor out 8 from 8 - 8i√5:

[tex]\frac{8(1-i\sqrt{5})(6-2i\sqrt{5}) }{56}[/tex]

We can cancel that 8 with that 56 in the denominator:

[tex]\frac{6-2i\sqrt{5}-6i\sqrt{5}-10}{7}[/tex]

This simplifies to:

[tex]\frac{-4-8i\sqrt{5} }{7}[/tex]

which is the same as:

[tex]-\frac{4}{7} -\frac{8}{7} i\sqrt{5}[/tex]

pogle...
Drought conditions in Texas are causing
lake levels to drop 3 inches per day.
If it doesn't rain for a week,
then what will the level change
be at the end of the week?

Answers

Answer:

21 inches

Step-by-step explanation:

if its 3 inches everyone day, and theres 7 days a week. that would mean it would drop 21 inches

The line y+4=3/4(x-8) contains point (a,2). Find a.

Answers

Answer:

a = 16

Step-by-step explanation:

[tex]y + 4 = \dfrac{3}{4}(x-8)\\\\y + 4 = \dfrac{3}{4}x- \dfrac{3}{4}*8\\\\y +4 = \dfrac{3}{4}x-3*2\\\\y+4+6= \dfrac{3}{4}x \\\\y+10= \dfrac{3}{4}x[/tex]

Now plugin x = a and y =2 in the above equation,

[tex]2+10= \dfrac{3}{4}*a\\\\12= \dfrac{3}{4}a\\\\12* \dfrac{4}{3}=a\\\\a=4*4\\\\a=16[/tex]

What percent is represented by the shaded area?

Answers

Answer:

34%

Step-by-step explanation:

the graph is a hundred so all you have to do is count the number of squares which is 34

How many triangles are here

Answers

Answer:

6 types of triangles?

isosceles, equilateral, scalene, obtuse, acute, and right

How many Triangles are where ?

there is no image of triangles

thus i can not tell you how many triangles there are

identify each classification of the real number system that can describe the set of numbers shown {3, 9, 147, 400}

) Integer
) Irrational
) Real
) Rational
) Whole
) Natural​

Answers

Step-by-step explanation:

all of these 4 numbers are

integer (whole numbers positive and negative).

real (every whole number can be written as e.g. 3.0 and is part of the real numbers).

rational (as any whole number can be written as e.g. 3/1 and is part of the rational numbers).

whole (no fractions).

natural (they are in the set of [1, 2, 3, ... infinity) ).

the only thing here they are not is irrational, as to be irrational they would need to have an infinite sequence of digits after the decimal point without any repeating pattern.

Since 16 > O what does that tell you about the
number of solutions.
No real solutions
2 real solutions
1 real solution

Answers

Answer:

2 real solution

Step-by-step explanation:

3xghrur

Which values of a, b, and c correctly complete the division?

A. a = 4, b = 5, c = 6
B. a = 1, b = 6, c = 5
C. a = 1, b = 5, c = 6
D. a = 4, b = 6, c = 5

Answers

If we compare both sides of the equation we get,

D. a = 4, b = 6 and c = 5

If –7 + 13i is a root of the polynomial function f(x), which of the following must also be a root of f(x)?

Group of answer choices

7 + 13i


-7 - 13i


20i


-13i

Answers

Answer:

2nd option -7 - 13i

Step-by-step explanation:

took review

Which of these numbers is the greatest? No links

A. 2.3 x 10^3

B. 8.6 x 10^3

C. 1.2 x 10^4

D. 3,600

Answers

Answer:

c. 1.2 * 10^4

Answer : D. 3,600

sorry if that's wrong

Find the unit rate $72 in 4 hours

Answers

Answer:

72 dollars ÷ 4

4 hours ÷ 4

=  

18 dollars

1 hour

=  

18 dollars

hour

= 18 dollars per hour

Step-by-step explanation:

Answer:

its 76 becuse 72+4=76

Step-by-step explanation:

72+4=76

Can someone do these two for me please?

Answers

Answer:

3) 2

4) Water's Edge Rafts

Step-by-step explanation:

3) Rate of change is nothing but the slope

Slope formula : y2 - y1 / x2 - x1

13 - 11 / 2 - 1

2/1

2

Rate of change = 2

4) Rate of change : y2 - y1 / x2 - x1

Water's Edge Rafts

36 - 6 / 6 - 1

30/5

6

Water's Edge Rafts' Rate of change = 6

Ryan's Rafts

17.25 - 15.00 / 2 - 1

2.25/1

2.25

Ryan's Rafts' Rate of change = 2.25

6>2.25

So, Water's Edge Rafts' has the highest rate of change

Answer:

2 for # 3

2.25 for # 4

Step-by-step explanation:

15-11/3-1

=2

(19.50-15)/(3-1)

2.25

Write the standard form of the equation of the circle with radius r and center (h, k).

r = 2; (h, k) = (-10, 5)

Answers

Answer:

[tex](x+10)^2+(y-5)^2=4[/tex]

Step-by-step explanation:

Hi there!

Equation of a circle: [tex](x-h)^2+(y-k)^2=r^2[/tex] where [tex](h,k)[/tex] is the center of the circle and [tex]r[/tex] is the radius

Plug in the center (-10,5) and the radius 2:

[tex](x-(-10))^2+(y-5)^2=2^2\\(x+10)^2+(y-5)^2=4[/tex]

I hope this helps!

:- State the property involved in the statement: 96 X (123 – 11 ) = (96 X 123 ) – (96 X 11 ) a) Distributive property of multiplication for subtraction b) closer property c) Property of unity d) commutative law
please help me please help me ​

Answers

Answer:

Associative property of multiplication

Step-by-step explanation:

The word "associative" comes from "associate" or "group"; the Associative Property is the rule that refers to grouping. For addition, the rule is "a + (b + c) = (a + b) + c"; in numbers, this means 2 + (3 + 4) = (2 + 3) + 4. For multiplication, the rule is "a(bc) = (ab)c"; in numbers, this means 2(3×4) = (2×3)4.

2) A rectangular solid measures 150 cm by 100 cm by 200 cm Calculate the volume in various units:
a. In cm3
b. In dm3 {show conversion factor}
C. In gallons (show conversion factor) (hint: 1dm3 = 1L)

Answers

Answer:

a. In cm3 - 3 Cubic Meters

b. in dm3 - 3,000 Cubic Decimeters

c. In gallons = 792.51615707445 gallons

d. In liters (extra) - 3000.00000000001819

Step-by-step explanation:

RP = l x w x h

V = 3,000,000

Rectangular solid is a rectangular prism - To find the volume of a rectangular prism, multiply its 3 dimensions: length x width x height. The volume is expressed in cubic units.

Which of the following statements is true?

Answers

Answer:

lol what

Step-by-step explanation:

i dont get it xD

Where is the question??

I mean,Where is the options?

can you tell me pls..I will answer it correctly ❤️

Have a good day!

This is a statistics question.
Find the sample mean, median, and mode
10 21 32 30 31 258 18 23 25

Answers

Answer:

Mean: 49.78

Median: 25

Mode: There is no mode in this sample of values as each value appears in the sample set the same amount of times.

help plz its so hard and im giving brainly and 20 points

Answers

Answer:

The answer is 5.

Step-by-step explanation:

10 ÷ 2 = 5.

Answer:

5

Step-by-step explanation:

If you want to divide ten blocks into two groups just imagine you split all of the blocks evenly, so you have ten and to have an equal amount of blocks on two sides you will put five on each side, then your answer is five because you are able now to equally divide them into two groups.

Hope it helps bai!

Happy Halloween if you celebrate it!

pls help i need this all my questions disappered

Answers

Here you go, good luck

Please help me I need this for tonight

Answers

C
because if you substitute 4 into x you do 4+8 thats 12
3(4) = 12
so therefore its C

Answer:

It is C because 4+8=3(4)

That's =12 =12

a textbook store sold a combined total of 348 history and chemistry text in week.The number of history textbooks sold was three times the number of chemistry books were sold. how many book of each type were sold.

Answers

Answer:

x=87, y=261

Step-by-step explanation:

x+y=348 and 3x=y

plug 3x in for y.  

x+(3x)=348

4x=348

x=87

plug x in to solve for y.

3(87)=y

y=261

Coverte 2.75 into fraction

Answers

Answer:

2 3/4 or 11/4

Step-by-step explanation:

2.75 = 11/4 = 2 3/4 as a fraction

To convert the decimal 2.75 to a fraction, just follow these steps:

Step 1: Write down the number as a fraction of one:

2.75 = 2.75 / 1

Step 2: Multiply both top and bottom by 10 for every number after the decimal point:

As we have 2 numbers after the decimal point, we multiply both numerator and denominator by 100. So,

2.75 / 1 = (2.75 x 100)/(1 x 100) = 275/100.

Step 3: Simplify (or reduce) the above fraction by dividing both numerator and denominator by the GCD (Greatest Common Divisor) between them. In this case, GCD(275,100) = 25. So,

(275 ÷ 25)/ (100 ÷ 25) = 11/4 when reduced to the simplest form.

As the numerator is greater than the denominator, we have an IMPROPER fraction, so we can also express it as a MIXED NUMBER, thus 275 /100

is also equal to  2 3/4 when expressed as a mixed number.

How to Convert a Decimal to a Fraction - Steps

Step 1: Write down the decimal as a fraction of one (decimal/1);

Step 2: If the decimal is not a whole number, multiply both top and bottom by 10 until you get an interger at the numerator.

Step 3: Simplify (or reduce) the fraction if it is not in the simplest form.

Find the Quadratic function model that best fits this data.

Answers

Answer:

your answer is as follows

Step-by-step explanation:

the first option fits.. I.e., y=x^2-12

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