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

Which side lengths form a right triangle?
Choose all answers that apply:
Choose all answers that apply:

(Choice A)
A
2
,
15
,
17
2,15,172, comma, 15, comma, 17

(Choice B)
B
1
,
8
,
65
1,8,
65

1, comma, 8, comma, square root of, 65, end square root

(Choice C)
C
2
,
80
,
9
2,
80

,92

Answers

Laila 15 manhhqManlqhw17

Answer:

B

Step-by-step explanation:

A car was purchased for $24,000. Its value is predicted to decay exponentially, decreasing by 13% each year. Write an equation to determine the value of the car.

Answers

Answer:

y= P(0.87)^t

Step-by-step explanation:

Given data

Price P=  $24,000

Rate of decay in price= 13%

The expression in terms of y, p and t  is

y=P(1-r)^t

y= P(1-0.13)t

y= P(0.87)^t

A total of 50,000 contestants are chosen for a survey. A
computer randomly eliminates 20% of the participants
each day.

Answers

I am pretty sure it is linear decrease,

A chocolate company selects 1200 random packages to check their weight it finds that 30 packages have an incorrect weight. how many packages out of 6000 should the company predict have an incorrect weight.

Answers

150 packages

30/1200 = x/6000
6000/1200 = 5
30 x 5 = 150

Please help me NO LINKS ASAP will give Brainilest

Answers

Answer:

width x height x length=volume so 5 x 14 x 10= 700cm cubed. Volume=700cm^3

Step-by-step explanation:

Given the definitions of f(x) and g(x) below, find the value of g(f(5)).
f(x) = 2x – 10
g(x) = x^2 + 6x – 8

I don’t need work I am just looking for the answer !

Answers

gf(x) = g(x^-1) = x^2 + 6x - 8

f(x) = 2x - 10

gf(x) = 6 ( 2x - 10) - 8

gf(x) = 12x- 60 - 8

gf(x) = 12x -68

gf(5) = gf(x) = 12x - 68

gf(5) = 12(5) - 68

gf(5) = 60 - 68

gf(5) = -8

Please give me the correct answer.Only answer if you're very good at math.Please don't put a link to a website.​

Answers

Answer:

-79.78 (really stinking cold)

Step-by-step explanation:

Solving the equation will go like this:

5/9(F - 32) = -62.1

multiply both sides by 9 to get rid of the fraction

5 (F - 32) = -558.9

divide both sides by 5

F - 32 = -111.78

add 32 to both sides

F = -79.78

I checked the math twice.

Let me know if you have questions.

Help me plz 6th grade math

Answers

Answer: 66

Step-by-step explanation:

6+4^3-8÷2

4^3 = 64

6+64-8÷2

70-8÷2

70-4 = 66

A circular swimming pool has a radius of 20 feet. A fence is going to be built so that there is a 4-foot space around the entire pool. What is the length of the fence? Sunitha solved the problem as shown. A circle with radius 20 feet. A larger circle is 4 feet larger than the smaller circle. Radius = 24 feet. Circumference = 24 pi. What was her error? She should have used 12 in the formula, not 24. She forgot to multiply the radius by 2 in the formula. She did not add the additional fence length to the pool’s radius. She should have used 4 ft in the formula.

Answers

Answer:

she forgot to multiply the radius by 2 in the formula (B)

Step-by-step explanation:

i got it right :)

Answer:

B.

Step-by-step explanation:

Pls help me with this

Answers

ANSWER:

the y- intercept would be 0

Which of these inequalities has no solutions?

Answers

Answer:

B)√x<-14

Step-by-step explanation:

as we know a redical expression is always greater than or equal to 0 but the B) means that the redical expression is less than 0 which is false

therefore our answer is B

please help i am in class and need help pleaseeeeee​

Answers

Answer:

360m²

Step-by-step explanation:

Surface area of Pyramid=4*Area of Triangle+Area of Square

Area of Triangle=(1/2)*Base*Height

Area of Square=Side²

Area of 4 Triangles=4*(1/2)*10*13=260m²

Area of square=10²=10*10=100m²

Total Area=260m²+100m²=360m²

could someone help me on this pleaseeee :)​

Answers

Answer:

the slope is 1, y-intercept is (0,5) hope this helps!

Step-by-step explanation:

help i’ll give brainliest

Answers

Answer:

The 3rd one

Step-by-step explanation:

It's a translation. The rest are reflections.

it’s the first one bc process of elimination

An antique car sold at auction for $50,000. Its value
appreciates by 10% each year. What is the value of
the car after six years?

Answers

Answer:

80,000

Step-by-step explanation:

Solve for the value of y.​

Answers

Y= 4
Hope this helps!

Answer:

8y-2+60=90(complement ∆)

8y+58=9

8y=90-58

y=4

please help ASAP... here is a question WRITE 894 290 000 IN SCIENTIFIC NOTATION​

Answers

Answer:

hey there, the answer is 8.9429 × 10^8

Answer:

8.9429 × 10^8

Step-by-step explanation:

ya the answer is 8.9429 × 10^8

What is 589 divided by 31 with remainder?

Answers

Answer:

19 remainder 0

Step-by-step explanation:

When we divide 589 by 31 we get remainder 0.

Here we have to find the remainder when 589  is divided by 31

In order to this proceed with division,

Since we know that,

When the numerator is equal to or more than the denominator, the fraction is said to be inappropriate. It always has a value of one or higher. Since mixed fractions are simpler to understand, improper fractions are typically expressed in simplified mixed number form.

Now

31 ) 589 ( 19

   -  31

 _________

      279

   -  279

 __________

        0

Hence remainder after division is 0.

To learn more about division visit:

https://brainly.com/question/11840361

#SPJ6

At Mountain Park Middle School, there are 250 seventh-grade students. Currently, 32% of those students are in advanced math.

a. ​​ Write an equation to represent the number of seventh-grade students who are not in advanced math. Let a represent the number of seventh-grade students who are not in advanced math.

a = ______% x _______

b. There _______ seventh-grade students who are not in advanced math.

[Fill in the Blanks]

Answers

Answer:

a= 68% × 250

b. 170

Step-by-step explanation:

100%-32% = 68%

solving the equation i get 170

1. If X+Y=7 and xy = 10 , then x3+ y3​

Answers

I have the same question lol

Answer:

final answer is 21

Step-by-step explanation:

since x+y=7 and xy=10

2+5=7 and 2(5)=10

so,

(5)3=15  

(2)3=6

15+6= 21

Answer ASAP pls pls ASAP

Answers

Answer:

it 5

Step-by-step explanation:

15-10= 5 so r=5

Answer:

The value of r will be 5.

Step-by-step explanation:

15=r+10

15-10=r

5=r

Bernie can eat 20 oreos in 5 minutes. If Joe can eat oreos at 3/4
of Bernie’s pace, how many oreos can they eat together in half an hour?

a.200
b. 210
c. 220
d. 230

Answers

Answer:

b

Step-by-step explanation:

Please help!! Giving BRAINLIEST!

Answers

Answer: D
Explanation: rad 36 is the same as rad 6^2 and they are perfect roots do then you just add the numbers like usual.

3. Which situation is best described by the graph shown?

A. Allison purchases lemons for $0.75 each,
B. Sophia buys 12-packs of soda for $1.75 each.
C. Jacob buys packs of gum for $1.50 each.
D. Garrett buys limes for $0.80 each.

Answers

there is no graph doe ...

What is the multiplier?

A. 0.1

B. 0.01

C. 10

D. 100​

Answers

Answer:

c

Step-by-step explanation:

0.6*10=6

6*10=60

Answer:

B or A

Step-by-step explanation:

Please help with B...

Answers

Answer:

B

Step-by-step explanation:

The table tells us that when x=-1, y=5. This shows in graph B because it passes through the point (-1,5). The table also tells us that the curve passes through the origin, (0,0). Curve B is the only one that does.

I hope this helps!

The average distance from the Earth to the moon is 238,855 miles. What is the distance rounded to the nearest thousand?

Answers

Answer:

239,000

Step-by-step explanation:

Look at the digit to the right of the place you're rounding to. In this case, we are rounding to the thousands, so we look at the digit in the hundreds place. It's 8, which is above 5 (5 and above you round up. 4 and below, you round down). Because the 8 is above 5, we go back to the thousands place and bump the number (8) up one (to 9).

Two geometrically similar jugs have volumes of 1000 cm3and 512 cm3.They have circular bases. The diameter of the base of the larger jug is 9 cm.

Answers

Complete Question

Two geometrically similar jugs have volumes of 1000 cm³and 512 cm³.They have circular bases. The diameter of the base of the larger jug is 9 cm.

Calculate the diameter of the smaller jug.

Answer:

7.2 cm

Step-by-step explanation:

To solve the above question,we have the proportion

Smaller volume/ Larger volume = (Smaller diameter/ Larger diameter)³

We are to find the smaller diameter

Hence our formula is give as

Cube root(Smaller volume/ Larger volume)= Smaller diameter/ Larger diameter

=cube root( 512/1000) = x/9

= 8/10 = x/9

Cross Multiply

10x = 8 × 9

10x = 72

x = 72/10

x = 7.2cm

Therefore, the diameter of the second jug is 7.2 cm

John ran 5,000 meters on Monday. He
ran 6 kilometers on Tuesday. How many
total kilometers did John run?

Answers

Answer:

11 kilometers

Step-by-step explanation:

Since there are 1,000 m in 1 km, John ran 5 km on Monday. Combine that with the 6 km he ran on Tuesday, and you get 11 km in total.

Answer:

11 kilometers

Step-by-step explanation:

1000 meters=1 kilometer

5000÷1000=5

5+6=11

which of the following decimal has highest value is a 0.5 b 0.12 c 0.17 d 0.8​

Answers

Answer:

d 80 cents or 0.8

Step-by-step explanation:

Change them all to money. Then look at it again.

0.5 = 50 cents

0.12 = 12 cents

0.17 = 17 cents

0.8 = 80 cents.

You get each of them by starting with a dollar. A dollar has 100 cents.

So 0.5 of a dollar is 1/2 a dollar.

1/2 a dollar is 0.5 * 100 = 50 cents

0.17 * 100 = 17 cents

0.12 * 100 = 12 cents

0.8 * 100 = 80 cents

The largest one is 8

Answer d) 0.8

Step-by-step explanation: Here is a tip, when you see a decimal like 0.5 compared to a bigger looking one like 0.12 add a 0 to the end. It will still have the same value and you won't be as confused.

0.80> 0.50> 0.17> 0.12

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