Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. a 40 year old man in the u s has a 0 244 risk of..

A 40 year old man in the U S has a 0 244 risk of...

80.2K

Verified Solution

Question

Statistics

image

A 40 year old man in the U S has a 0 244 risk of dying during the next year An insurance company charges 260 per year for a life insurance policy that pays a 100 000 death benefit What is the expected value for the person buying the insurance Round your answer to the nearest dollar Expected Value for the year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Problem Set 1: Based on Craik and Lockhart (1972)’s levels of processing theory, a teacher wanted...

Statistics
Q

Your (turtle) program in python must include: Create four Red turtles and four Blue turtles using...

Programming
Q

Three return steam lines in a chemical processing plant enter a collection tank operating at steady...

Mechanical Engineering
Q

Accounting for intangible assets. Discuss relevance versus reliability as they apply to reporting on the intangible...

Accounting
Q

Listen This figure showcases haplodiploidy in honeybees In this case the female worker bee shown...

Biology
Q

6 In a series resonant LCR circuit the voltage across R is 100 V and...

Physics
Q

Use the net to find the surface area of the prism 13 m 16m Not...

Geometry
Q

answering the questions below 35 54 90 Triangle NYE angles of a triangle and the...

Geometry
Q

Beyer Company is considering the purchase of an asset for $185,000. It is expected to...

Accounting
Q

An employee receives 20,000 SARs based on current market price of $20 per share. Service...

Accounting
Q

The summaries of data from the balance sheet, income statement, and retained earnings statement for...

Accounting
Q

An organization has decided to hedge raw materials with highly volatile prices. This is an...

Finance