There is a 0.9987 probability that a randomly selected 31​-year-old male lives through the year. A life insurance company charges ​$186 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$100,000 as a death benefit. Complete parts​ (a) through​ (c) below.

Answers

Answer 1

Parts a through c is missing and it is;

a) From the perspective of the 33-year-old male, what are the monetary values corresponding to the two events of surving the year and not surviving?

The value corresponding to surviving the year is $_____.

The value corresponding to not surviving the year is $_____.

b) If the 33-year-old male purchases the policy, what is his expected value?

The expected value is $_____.

c) Can the insurance company expect to make a profit from many such policies? Why?

_____ because the insurance company expects to make an average profit of $_____ on every 33-year-old male it insures for 1 year.

Answer:

A) the value that corresponds to surviving the year = - $186

The value corresponding to not surviving the year = $99814

B) μ = -$56

C) Yes, the company can make a profit from many such policies because it makes an average profit of $56 on every 31 year old male it insures for 1 year.

Step-by-step explanation:

A) The company charges $186 for insuring. Thus;

Amount paid out = - $186

Therefore, the value that corresponds to surviving the year = - $186

Therefore, the value corresponding to not surviving the year = $100000 - $186

The value corresponding to not surviving the year = $99814

B) since probability that a 31 year old male survives is 0.9987, then;

Probability that a male doesn't survive is;

P(doesn't survive) = 1 - 0.9987

P(doesn't survive) = 0.0013

The expected value is calculated from;

μ = Σx•P(x) = (0.0013 × 99814) + (-186 × 0.9987)

μ = -$56

C) Yes, the company can make a profit from many such policies because it makes an average profit of $56 on every 31 year old male it insures for 1 year.


Related Questions

If these four countries trade only with each other, what is the difference between the highest balance of trade and the lowest

balance of trade within this group?

a €4,378,000,000

€2,797,000,000

€1,928,000,000

d €738,000,000

Answers

Answer:

€4,378,000,000

Step-by-step explanation: just took the test :)

Answer:

A

Step-by-step explanation:

Took the test

May someone please help me with this :)

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14 + 3 = 17 yd that is your answer I used Pythagorean theorem

Answer:

14.3 yd

Step-by-step explanation:

apply the pythagorean Theorem formula:

= sqrt(14^2 +3^2)

= sqrt(205)

roughly 14.3 yd

[AB] is a diameter of center C(O, 3cm). M is a point on (C) such that MA=MB. D is the symmetric of A with respect to M.
What is the nature of triangle AMB? Justify. ​

Answers

Answer:  I dont know AZ

Analyze: 30 + 11 when c=4

Answers

It would be 23 because 3(4) + 11 would convert to 12 + 11 giving you 23

Answer:

23

Step-by-step explanation:

3c + 11

3(4) + 11

12 + 11

23

Find the simple interest paid to the nearest cent for each principal, interest rate, and time. $570, 2%, 4 years

Answers

Answer:

570 of 2% 4years

570×2÷100 4years

11.5 × 4÷12

3.8..

which equation represents the graph below
A. y= x^2 + 3
B. y= -x^2 + 3
C. y= -x + 3
D. y= -x^2

Answers

Answer:

B

Step-by-step explanation:

The y-intercept is 3 and the parabola is facing down which means the x^2 has to be negative.

If I have 14 neutrons and 11 electrons, what is my mass number?

A.25
B.3
C.11
D.14

Answers

Answer:

A : 25

Step-by-step explanation:

In a neutral atom, the number of electrons is equal to the number of protons. The atomic number indicates the number of protons.

The mass number is the sum of the number of neutrons and the number of protons.

mass number=protons+neutrons

As we know from the atomic number, the number of neutrons is 14 and the number of electrons is 11.

mass number = 14 + 11

I think the answer is 25

Is parallelogram BCDE a rectangle?

Answers

No, all lines should be equal considering that rectangles have 4 of the same right angles

Write an inequality for the statement the temperature is greater than 100°F

Answers

Tenperature greater than 100 oF
T > 100 oF

10) 3x + x + x + x - 3 - 2 = 7 + x + x
In the equation above, what is the value of x?

Answers

Answer:

Step-by-step explanation:

x=3


graph the point (-10,-7) on the coordinate plane

Answers

I think that’s right

The equation shown has an unknown number ⍰÷3/4=4/9

Answers

Answer:

9

Step-by-step explanation:

Change the fraction 3/4 to a percent

Answers

Answer:

0.75

Step-by-step explanation:

what you do is divde 3 by 4 which equals to 0.75

Answer:

75%

Step-by-step explanation:

If your rounding 2 decimals. Hope this helps!

The formula to calculate the gravitational force between two objects is F_g=GM_1M_2/r^2, where M_1 and M_2 are the masses of the objects, G is the gravitational constant and r is the distance between the objects. Solve for M_1 in terms of F_g, G, M_2 and r.

Answers

Answer:

[tex]M_{1}[/tex] = [tex]\frac{F_{g}r^{2} }{GM_{2} }[/tex]

Step-by-step explanation:

From Newton's law of universal gravitation, the force of attraction between two objects of masses [tex]M_{1}[/tex] and [tex]M_{2}[/tex] is given as:

[tex]F_{g}[/tex] = [tex]\frac{GM_{1} M_{2} }{r^{2} }[/tex]

Thus, cross multiply to have;

[tex]F_{g}[/tex][tex]r^{2}[/tex] = G[tex]M_{1}[/tex][tex]M_{2}[/tex]

then divide through by G[tex]M_{2}[/tex] to have,

[tex]M_{1}[/tex] = [tex]\frac{F_{g}r^{2} }{GM_{2} }[/tex]

Therefore, [tex]M_{1}[/tex] can be expressed in terms of [tex]F_{g}[/tex], [tex]r^{2}[/tex], G, [tex]M_{2}[/tex] as [tex]\frac{F_{g}r^{2} }{GM_{2} }[/tex]

pls help me 10 points

Answers

Answer: Approximately 20 miles per gallon

Step-by-step explanation:

The line of best fit is an approximate average. In order to predict the fuel efficiency you just estimate the place where x = 4800 and see what the y value of the line is for that point. In this case it's around 20 miles per gallon.

Ab and cd intersects at e, aec=5x+12 and deb=8x-3

Answers

Answer:

x = 5

Step-by-step explanation:

Angles DEB and AEC are vertical angles, so they are congruent, and their measures are equal.

8x - 3 = 5x + 12

3x = 15

write the function that represents the sequence in the table

Answers

A(n) = 6n

Every time the x value increases by 1, the y value increases by 6.

help! parallel, perpendicular, or neither?

Answers

Answer:

parallel

Step-by-step explanation:

Because a is pependicular to k

Parallel.

Hope that’s helpful :)

The price for a house with an area of 56 mx 48 m is RM375 800. Calculate the price for 1
square meter of the house correct to three significant figures.​

Answers

30I hope that helps you got this

How many equal sections divide a directed line segment if it is to be partitioned with a 2:7 ratio? 2, the least number given in the ratio

2, the least number given in the ratio
14, the least common multiple of the numbers given in the ratio


9, the sum of the numbers given in the ratio


5, the difference of the numbers given in the ratio


7, the greatest number given in the ratio

Answers

9514 1404 393

Answer:

  9, the sum of the numbers given in the ratio

Step-by-step explanation:

The reduced ratio 2 : 7 means that two parts correspond to one length and 7 parts correspond to the other length. That is, there are a total of 2+7 = 9 parts in the full length of the segment.

It is convenient to think of the line segment as being divided into 9 equal parts.

_____

Additional comments

It is often helpful to consider the total number of "ratio units" in a given ratio. For example, in this problem, the shorter segment is 2/9 of the whole, and the longer one is 7/9 of the whole.

It can also be useful to consider what a "ratio unit" represents. If the whole segment is 27 inches long, then each of the 9 ratio units will represent 3 inches, for example. This means the division 2:7 is 2(3 in):7(3 in) = 6 in : 21 in.

SIMPLE 7TH GRADE MATH PROBLEM?!?!

Answers

Answer:

I'm sure it is 25 hope this helps!!!

Answer:

Should be 25

Step-by-step explanation:

Lol is that pearson realize? i hate that buddy good luck

3. A store clerk sold 60 pairs of sneakers. The
high-tops sold for $98.99 and the low-tops sold for
$129.99. If the receipts for the two types of sales
totaled $6,404.40, how many of each type of sneaker
were sold?

Answers

Answer:

High top pairs- 45

Low top pairs- 15

Step-by-step explanation:

The circumference of a tree trunk is 50 ft

Answers

Answer:

So the length will be the same as the length of the torso

how do I solve for x for number 4

Answers

Answer: 20.8

Step-by-step explanation:

Since it is an equilateral triangle, we know the bottom is also 24. We also know that line E is bisecting the base. So using the smaller right triangle we know that the hypotenuse is 24 and one leg is 12. So use the Pythagorean theorem.

[tex]a^{2} +b^{2} =c^{2} \\12^{2} +b^{2} =24^{2} \\144+b^{2} =576\\b^{2} = 432\\b= 20.8[/tex]

5 1 point > 키 Angles x and y are complementary in the diagram shown. 1 2 Z X 3 35° у 4 What is the measure, in degrees, of angle z? 5 Type your answer... 5​

Answers

Answer:

∠z = 55°

Step-by-step explanation:

90° - 35° = 55°

Help, Help, Please
[tex] \sf find \: the \: value \: of \: \theta \: when \: \theta \: is \: acute\: angle[/tex]
[tex] \sf \cos^{2}(\theta) - \sin^{2}(\theta) =2-5 \cos(\theta) [/tex]
[tex]\text{note:explanation is a must}[/tex]

Answers

Answer:

θ = [tex]\frac{\pi }{3}[/tex] (60° )

Step-by-step explanation:

Using the identity

sin²x + cos²x = 1 ⇒ sin²x = 1 - cos²x

Given

cos²θ - sin²θ = 2 - 5cosθ

cos²θ - (1 - cos²θ) = 2 - 5cosθ

cos²θ - 1 + cos²θ = 2 - 5cosθ

2cos²θ - 1 = 2 - 5cosθ ( subtract 2 - 5cosθ from both sides )

2cos²θ + 5cosθ - 3 = 0 ← in standard form

(cosθ + 3)(2cosθ - 1) = 0 ← in factored form

Equate each factor to zero and solve for θ

cosθ + 3 = 0

cosθ = - 3 ← not possible as - 1 ≤ cosθ  ≤ 1

2cosθ - 1 = 0

cosθ = [tex]\frac{1}{2}[/tex] , so

θ = [tex]cos^{-1}[/tex] ([tex]\frac{1}{2}[/tex] ) = [tex]\frac{\pi }{3}[/tex] ( or 60° )

Answer:

[tex] \huge \boxed{ \boxed{\blue{ { \theta = 60}^{ \circ} }}}[/tex]

Step-by-step explanation:

to understand thisyou need to know about:trigonometryPEMDASlet's solve:[tex] \sf \: rewrite \: \sin ^{2} ( \theta) \: as \: 1 - \cos ^{2} ( \theta) : \\ \sf \implies \: \cos ^{2} ( \theta) - (1 - \cos ^{2} ( \theta)) = 2 - 5 \cos( \theta) [/tex][tex] \sf \: remove \: parentheses \: and \: change \: its \: sign : \\ \sf \implies \: \cos ^{2} ( \theta) - 1 + \cos ^{2} ( \theta)) = 2 - 5 \cos( \theta) [/tex][tex] \sf \: add : \\ \sf \implies \: 2\cos ^{2} ( \theta) - 1 = 2 - 5 \cos( \theta) [/tex][tex] \sf \: move \: left \: hand \: sides \: expression \: to \: right \: hand \: sides \: : \\ \sf \implies \: 2\cos ^{2} ( \theta) + 5 \cos( \theta) - 1 -2 = 0[/tex][tex] \sf \: rewrite \: 5\cos( \theta) \: as \: 6 \cos( \theta) - \cos( \theta) : \\ \sf \implies \: 2\cos ^{2} ( \theta) + 6 \cos( \theta) - \cos( \theta) - 3 = 0[/tex][tex] \sf \:factor \: out \: 2 \cos( \theta) \: and \: - 1 : \\ \sf \implies \: 2\cos ( \theta)( \cos( \theta) + 3 ) -1( \cos( \theta) + 3) = 0[/tex][tex] \sf \: group: \\ \sf \implies \: (2\cos( \theta) - 1) ( \cos( \theta) + 3 ) = 0[/tex][tex] \sf \: rewrite \: as \: two \: seperate \: equation: \\ \sf \implies \: \begin{cases}2\cos( \theta) - 1 = 0\\ \cos( \theta) + 3 = 0 \end{cases} [/tex][tex]\sf add \: 1 \: to \: the\: first \: equation \: and \: substract \: 3 \: from \: the \: second \: equation: \\ \sf \implies \: \begin{cases}2\cos( \theta) = 1\\ \cos( \theta) = - 3 \end{cases} [/tex]

[tex] \sf the \: second \: eqution \: is \: false \: \\ \sf because \: - 1 \leqslant \cos( \theta) \leqslant 1 \: \\ \sf but \: we \: can \: still \: work \: with \: the \: second \: equation[/tex]

[tex] \sf substract \: both \: sides \: by \: 2 : \\ \implies\frac{ 2\cos( \theta) }{2} = \frac{1}{2} \\ \implies\cos( \theta) = \frac{1}{2} \\ \therefore \: \theta \: = {60}^{ \circ} [/tex]

A membership price for the local pool went
from $80 to $60. What is the percent
change in membership cost?

Answers

I think the percent change would be 25%

help plzzzzzzzzzzzzzz​

Answers

Answer:

a) 20ft

Step-by-step explanation:

just multiply the model length and the scale factor

A)20 Ft hope I’m not too late for you

Cant seem to figure out the answer help?

Answers

Answer:

The surface area is 900cm^2

Step-by-step explanation:

Multiply 3 and 10 to get 30

Then square 30 by multiplying 30 x 30, to get 900.

Answer:

The Surface of the area is 30.

Step-by-step explanation:

Multiply 3 and 10. And you get 30. Hoped this helped : )

The radius of each tire on Carson's dirt bike is 10 inches. The distance from his house to the corner of his street is 157 feet. How many times will the bike tire turn when he rolls his bike from his house to the corner? Use 3.14 to approximate π.

Answers

Answer:

30

Step-by-step explanation:

the street and the diameter of the bike are not measured in the same units. We have to convert them to the same units

1 feet = 12 inches

157 x 12 = 1884

circumference of a circle = 2nr

2 x 3.14 x 10 = 62.8 in

Number of revolutions = 1884/62.8 = 30

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