Suppose a life insurance company sells a ​$260,000 ​1-year term life insurance policy to a 20​-year-old female for ​$220. According to the National Vital Statistics​ Report, 58(21), the probability that the female survives the year is 0.999544. Compute and interpret the expected value of this policy to the insurance company.

Answers

Answer 1

Answer:

$101.44

Step-by-step explanation:

To calculate expected value, we can multiply each outcome by its probability. The probability that the female will pay is 100%, so to start, the expected value is (100%) * $220 = 1 * $220 = $220

Next, the only way the insurance loses or gains money outside of this value is if the female dies. The probability of this happening is 1 - 0.999544 (the probability that the female survives) = 0.000456 . Therefore, the expected value that the insurance company will pay to the woman is

(260000) * (0.000456) = 118.56

Overall, the insurance company is expected to gain $220 from the woman and lose $118.56. Adding these two up, we get

220-118.56 = $101.44 as the overall expected value of the policy to the insurance company


Related Questions

Marcelina uses a blend of white corn and yellow corn to make tortilla chips at her restaurant. She needs to buy 50kg of corn in total for her next order. White corn costs $0.30 per kilogram, yellow corn costs $0.15 per kilogram, and she wants to spend $12.00 in total. Here's a graph that shows a system of equations for this scenario where x is the amount of white corn she buys and y is the amount of yellow corn she buys.

Answers

Answer:

https://brainly.com/question/17155330

Step-by-step explanation:

Question:

Marcelina uses a blend of white corn and yellow corn to make tortilla chips at her restaurant. She needs to buy 50kg of corn in total for her next order. White corn costs $0.30 per kilogram, yellow corn costs $0.15 per kilogram, and she wants to spend $12 total.

What does point F represent in this context?

Answer:

Marcelina spends less that the intended amount of money and buy less than enough corn

if point B is the midpoint of points A and C, find the value of x and AC. AB= 5x - 2, BC= 9x -10

Answers

9514 1404 393

Answer:

x = 2AC = 16

Step-by-step explanation:

The midpoint divides the segment into two equal lengths:

  AB = BC

  5x -2 = 9x -10

  8 = 4x

  2 = x

  AB = 5(2) -2 = 8

  AC = 2AB = 2(8) = 16

-10 + 7x + 24 - 2x
Your answer

Answers

Answer=5x+14
Hope this helps

Help!!!!!!! Thank you!!!!!!!

Answers

Answer:

D

Step-by-step explanation:

The ratio of yellow paint to blue paint is 4:3. We can make the largest amount of green paint by using all of the 20 quarts of yellow paint so we have to solve for x in 4:3 = 20:x, since 4 * 5 = 20, 3 * 5 = x so we use 15 qts of blue paint, therefore we will have 20 + 15 = 35 qts of green paint.

Answer:

D

Step-by-step explanation:

The screening process for detecting a rare disease is not perfect. Researchers have developed a blood test that is considered fairly reliable. It gives a positive reaction in 94.8% of the people who have that disease. However, it erroneously gives a positive reaction in 3.3% of the people who do not have the disease. Consider the null hypothesis "the individual does not have the disease" to answer the following questions.

a. What is the probability of Type I error?
b. What is the probability of Type II error?

Answers

Answer:

Probability of Type 1 error = 0.033

Probability of type II error = 0.952

Step-by-step explanation:

H0: Individual does not have disease

H1: individual has disease

Type 1 error occurs when we fail to accept a correct null hypothesis and accept an alternate Instead

Type ii error occurs when we accept a false null hypothesis instead of the alternate hypothesis

Probability of people with disease = 98.4%

Probability of people without disease = 3.3%

1.probability of type 1 error = 3.3/100

= 0.033

2. Probability of type ii error = (1-98.4%) = 1-0.948

= 0.052


How many cubic inches of a milkshake can you fit up to the brim of this cup without letting it overflow? The
cup is 10 inches tall, and the rim of the cup is 4 inches across. (Hint: the radius is half of the diameter.)

Answers

Assuming the cup is a right circular cylinder, it's volume is [tex]V=\pi r^2 h[/tex]

$h=10$, $r=\frac 42$

So the volume is $\pi\cdot(2)^2\cdot10=125.66$

hence you can fill up to 125.66 cubic Inches of milkshake

.

What are the following fractions from least to greatest 3/8 5/8 4/8 2/8 7/8

Answers

Answer:

2/8, 3/8, 4/8, 5/8, 7/8. If there are more numbers I apologize, I see 2 boxes that say "obj" instead.

(12x^(2)+x-35)-:(4x+17)

Answers

Answer:

(3x-5)(4x+7) / 4x + 17

Step-by-step explanation:

Rewrite the division as a fraction

12 x ^2 + x-35 / 4x+17

Factor by grouping

(3x-5)(4x+7) / 4x + 17

Hope this was the answer you were looking for

please help me find the value of x

Answers

Answer:

x=10

Step-by-step explanation:

The whole figure is symmetric hence x=10

Write the phrase "the product of 19 and a number" as a mathematical expression.
A 19 + x
B) 19/x
C) 19 x
(D) 19 -x​

Answers

Answer:

19x

Step-by-step explanation:

product means multiply

19*x

19x

Answer:

The answer is C.

Step-by-step explanation:

if a number and a variable are next to each other, it is assumed they will be multiplied.

Which defines a line segment?
two rays with a common endpoint
O a piece of a line with two endpoints
O a piece of a line with one endpoint
all points equidistant from a given point

Answers

Answer:

O a piece of a line with two endpoints

Step-by-step explanation:

O a piece of a line with two endpoints

A piece of a line with two endpoints.

What is a line segment?

In geometry, a line segment is a part of a line this is bounded by distinct end points and includes every point on the line this is between its endpoints.

What are the examples of line segments in real life?

A ruler, a scale, a stick, a boundary line.

Learn more about line segments here https://brainly.com/question/2437195

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Use the numbers 6 2 9 5 2 3
to make 36.

Answers

Answer:

6+2+9+5+2+3+6+3 = 36

Step-by-step explanation:

If you like my answer than please mark me brainliest

Carla drove her truck 414 miles on 18 gallons of gasoline. How many miles did she drive per gallon?

Answers

Answer:

23 miles per gallon

Step-by-step explanation:

414 miles = 18 gallons

=> 18/18 gallons = 414/18 miles

=> 1 gallon = 23 miles

So, she drove 23 miles per gallon.

Hugo scored 18 points in a recent basketball game, which was 5 points fewer than
Toby scored. Write an equation for this situation, where tis the number of points
Toby scored, and find how many points Toby scored.
A) 18 = t + 5, Toby scored 13 points
B) 18 = t-5, Toby scored 23 points
C) 18 = t - 5, Toby scored 13 points
D) 18 = t + 5, Toby scored 23 points​

Answers

B because toby scored T=18+5

the difference of 8 and 2, added to x"

Answers

Answer:

see below

Step-by-step explanation:

Difference is subtract

(8-2)

Then add this to x

(8-2) +x

6+x

What are the solution(s) of the quadratic equation 98 - x2 = 0?
x = +27
Ox= +63
x = +7/2
no real solution

Answers

Answer:

±7 sqrt(2) = x

Step-by-step explanation:

98 - x^2 = 0

Add x^2 to each side

98 =x^2

Take the square root of each side

±sqrt(98) = sqrt(x^2)

±sqrt(49*2) = x

±7 sqrt(2) = x

Answer:

[tex]\huge \boxed{{x = \pm 7\sqrt{2} }}[/tex]

Step-by-step explanation:

[tex]98-x^2 =0[/tex]

[tex]\sf Add \ x^2 \ to \ both \ sides.[/tex]

[tex]98=x^2[/tex]

[tex]\sf Take \ the \ square \ root \ of \ both \ sides.[/tex]

[tex]\pm \sqrt{98} =x[/tex]

[tex]\sf Simplify \ radical.[/tex]

[tex]\pm \sqrt{49} \sqrt{2} =x[/tex]

[tex]\pm 7\sqrt{2} =x[/tex]

[tex]\sf Switch \ sides.[/tex]

[tex]x= \pm 7\sqrt{2}[/tex]

A ___________ gives theoretical probabilities of each possible event in an experiment.

A. probability outcome
B. sample space
C. random event
D. probability distribution

Answers

A probability outcome gives theoretical probabilities of each possible event in an experiment so option (A) will be correct.

What is probability?

The probability of an event occurring is defined by probability.

Do not take underestimate probability it has several uses in daily life whether forecasts and like that.

Theoretical probability is the probability that shows by the probability formula while experimental probability is an actual probability that can obtain by experiments.

There are various situations in our daily lives where we might need to make predictions about how things will turn out.

Probability outcome which comes out by mathematical formula is always theoretical probability while actual experiment gives us experimental probability hence probability outcome will be the correct answer.

For more information about the probability

brainly.com/question/11234923,

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Sabrina is 4 and her brother Sam is 9 years older than she is. In how many years will same be twice as old as Sabrina

Answers

Answer:

=4-7

=5

:same will be 5 years older than Sabrina

What is the domain of f?

Answers

Answer:

-5 ≤x ≤6

Step-by-step explanation:

The domain is the values that x can take

X goes from -5 and includes -5 to x =6 and includes 6

-5 ≤x ≤6

Answer:

See attached!

Step-by-step explanation:

In a triangle, the sum of two angles equals the third, Find the measure of the third angle.
A.45 degree
B.60 degree
C.90 degree
D.30 degree

Answers

Answer:

C.90 degree

Step-by-step explanation:

45 + 45 + 90 = 180

90 = 45 + 45

how can i solve this factorial? A 6,2- P6- A 5,3 + P5

Answers

I’m very confused! Is this a math problem!?

simplify the following expression by combining like terms 2x+7x^2-5x+8x^2

Answers

Answer:15x^2-3x

Step-by-step explanation:

An oblique cylinder is shown.


An oblique cylinder is shown. It has a radius of 5, a height of 12, and a slant length of 13.


Which represents the volume of the cylinder, in cubic units?


120π

130π

300π

325π

Answers

Answer:

 The volume in terms of Pi is 300π

Step-by-step explanation:

This problem is on the mensuration of solid shapes, an oblique cylinder.

the expression for the volume of an oblique cylinder is given as

[tex]volume= \pi r^2h[/tex]

Given data

radius r= 5

height h= 12, and

slant length of 13.

Substituting the given data into the expression we can solve for the volume below

[tex]volume= \pi* 5^2*12\\\ volume= \pi*25*12\\\ volume= \pi*300\\\ volume= 300\pi[/tex]

Answer:

300

Step-by-step explanation:

In an opinion poll, 29% of 100 people sampled said they were strongly opposed to the state lottery. What is the approximate standard error of the sample proportion?

Answers

Answer:

  The approximate standard error of the sample proportion is [tex]SE = 0.0454[/tex]

Step-by-step explanation:

From the question we are told that

      The  sample proportion is  [tex]\r p = 0.29[/tex]

       The  sample size is  n =  100

     

Generally the standard error of the sample proportion is mathematically represented as

         [tex]SE = \sqrt{ \frac{ \r p (1- \r p )}{n} }[/tex]

substituting values    

         [tex]SE = \sqrt{ \frac{ 0.29 (1- 0.29 )}{ 100 } }[/tex]

         [tex]SE = 0.0454[/tex]

Power +, Inc. produces AA batteries used in remote-controlled toy cars. The mean life of these batteries follows the normal probability distribution with a mean of 35.0 hours and a standard deviation of 5.5 hours. As a part of its quality assurance program, Power +, Inc. tests samples of 25 batteries.
A) What can you say about the shape of the distribution of the sample mean?
B) What is the standard error of the distribution of the sample mean?
C) What proportion of the samples will have a mean useful life of more than 36 hours?
D) What proportion of the sample will have a mean useful life greater than 34.5 hours?
E) What proportion of the sample will have a mean useful life between 34.5 and 36.0 hours?

Answers

Answer:

(A) The shape of the distribution of the sample mean is bell-shaped.

(B) The standard error of the distribution of the sample mean is 1.1.

(C) The proportion of the samples that have a mean useful life of more than 36 hours is 0.1814.

(D) The proportion of the sample that has a mean useful life greater than 34.5 hours is 0.6736.

(E) The proportion of the sample that has a mean useful life between 34.5 and 36.0 hours is 0.4922.

Step-by-step explanation:

We are given that Power +, Inc. produces AA batteries used in remote-controlled toy cars. The mean life of these batteries follows the normal probability distribution with a mean of 35.0 hours and a standard deviation of 5.5 hours.

As a part of its quality assurance program, Power +, Inc. tests samples of 25 batteries.

Let [tex]\bar X[/tex] = sample mean life of these batteries

(A) The shape of the distribution of the sample mean will be bell-shaped because the sample mean also follows the normal distribution as it is taken from the population data only.

(B) The standard error of the distribution of the sample mean is given by;

            Standard error =  [tex]\frac{\sigma}{\sqrt{n} }[/tex]

Here, [tex]\sigma[/tex] = standard deviation = 5.5 hours

         n = sample of batteries = 25

So, the standard error =  [tex]\frac{5.5}{\sqrt{25} }[/tex]  = 1.1.

(C) The z-score probability distribution for the sample mean is given by;

                               Z  =  [tex]\frac{\bar X - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex]  ~ N(0,1)

where, [tex]\mu[/tex] = population mean life of battery = 35.0 hours

            [tex]\sigma[/tex] = standard deviation = 5.5 hours

            n = sample of batteries = 25

Now, the proportion of the samples that will have a mean useful life of more than 36 hours is given by = P([tex]\bar X[/tex] > 36 hours)

     

       P([tex]\bar X[/tex] > 36 hours) = P( [tex]\frac{\bar X - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex] > [tex]\frac{36-35}{\frac{5.5}{\sqrt{25} } }[/tex] ) = P(Z > 0.91) = 1 - P(Z [tex]\leq[/tex] 0.91)

                                                               = 1 - 0.8186 = 0.1814

(D) The proportion of the samples that will have a mean useful life of more than 34.5 hours is given by = P([tex]\bar X[/tex] > 34.5 hours)

     

       P([tex]\bar X[/tex] > 34.5 hours) = P( [tex]\frac{\bar X - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex] > [tex]\frac{34.5-35}{\frac{5.5}{\sqrt{25} } }[/tex] ) = P(Z > -0.45) = P(Z [tex]\leq[/tex] 0.45)

                                                                    = 0.6736

(E) The proportion of the samples that will have a mean useful life between 34.5 and 36.0 hours is given by = P(34.5 hrs < [tex]\bar X[/tex] > 36 hrs)

     P(34.5 hrs < [tex]\bar X[/tex] < 36 hrs) = P([tex]\bar X[/tex] < 36 hrs) - P([tex]\bar X[/tex] [tex]\leq[/tex] 34.5 hrs)

     P([tex]\bar X[/tex] < 36 hours) = P( [tex]\frac{\bar X - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex] < [tex]\frac{36-35}{\frac{5.5}{\sqrt{25} } }[/tex] ) = P(Z < 0.91) = 0.8186

     P([tex]\bar X[/tex] [tex]\leq[/tex] 34.5 hours) = P( [tex]\frac{\bar X - \mu}{\frac{\sigma}{\sqrt{n} } }[/tex] [tex]\leq[/tex] [tex]\frac{34.5-35}{\frac{5.5}{\sqrt{25} } }[/tex] ) = P(Z [tex]\leq[/tex] -0.45) = 1 - P(Z [tex]\leq[/tex] 0.45)

                                                                    = 1 - 0.6736 = 0.3264                              

Therefore, P(34.5 hrs < [tex]\bar X[/tex] < 36 hrs) = 0.8186 - 0.3264 = 0.4922.

Marine ecologists estimate the reproduction curve for swordfish in a fishing ground to be f(p) = −0.01p2 + 9p, where p and f(p) are in hundreds. Find the population that gives the maximum sustainable yield, and the size of the yield.

Answers

Answer:

The population that gives the maximum sustainable yield is 45000 swordfishes.

The maximum sustainable yield is 202500 swordfishes.

Step-by-step explanation:

Let be [tex]f(p) = -0.01\cdot p^{2}+9\cdot p[/tex], the maximum sustainable yield can be found by using first and second derivatives of the given function: (First and Second Derivative Tests)

First Derivative Test

[tex]f'(p) = -0.02\cdot p +9[/tex]

Let equalize the resulting expression to zero and solve afterwards:

[tex]-0.02\cdot p + 9 = 0[/tex]

[tex]p = 450[/tex]

Second Derivative Test

[tex]f''(p) = -0.02[/tex]

This means that result on previous part leads to an absolute maximum.

The population that gives the maximum sustainable yield is 45000 swordfishes.

The maximum sustainable yield is:

[tex]f(450) = -0.01\cdot (450)^{2}+9\cdot (450)[/tex]

[tex]f(450) =2025[/tex]

The maximum sustainable yield is 202500 swordfishes.

James purchased five acres of land fo 75,000 what was the cost per acre

Answers

Answer:

$15,000

Step-by-step explanation:

James purchased a total of 5 acres of land for a total price of $75,000. To find the cost of each individual acre, simply divide the total cost with the total amount of acres purchased:

[tex]\frac{total price of land bought}{total amount of acres} = \frac{75000}{5} = 15000[/tex]

The cost per individual acre, assuming all of them cost the same, is $15,000.

~

Answer:

15000

Step-by-step explanation:

Since

5 acres = 75000

therefore,

the cost price per acre would be

total cost price ➗ 5

7500/5= 15000

increased from 1432 to 2219. Which of the following is the approximate percent of increase
22. Between the years 2000 and 2010, the number of births in the town of Daneville
in the number of births during those ten years?
a. 55%
b. 36%
c. 64%
d. 42%

Answers

9514 1404 393

Answer:

  a.  55%

Step-by-step explanation:

The percentage increase is calculated from ...

  % increase = (amount of increase)/(original amount) × 100%

  = (2219 -1432)/1432 × 100% = 787/1432 × 100% ≈ 54.96%

The number of births increased by about 55% during those 10 years.

Answer:

Step-by-step explanation:

2219-1432/1432 x 100% = 787/1432 x 100 = 54.9581~~ 55%

Given the following diagram, find the required measures. Given: l | | m m 1 = 120° m 3 = 40° m 2 = 20 60 120

Answers

Step-by-step explanation:

your required answer is 60°.

Hello,

Here, in the figure;

angle 1= 120°

To find : m. of angle 2.

now,

angle 1 + angle 2= 180° { being linear pair}

or, 120° +angle 2 = 180°

or, angle 2= 180°-120°

Therefore, the measure of angle 2 is 60°.

Hope it helps you.....

What is 5 over 30= 3 over c

Answers

Answer:

c=18

Step-by-step explanation:

5/30=3/c

1/6=3/18

1✖️3=3

6✖️3=18

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