Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. question 8there is 0.99954 probability that a rand

QUESTION 8There is 0.99954 probability that a randomly selected 30-year-old male lives through the year....

50.1K

Verified Solution

Question

Basic Math

image

QUESTION 8There is 0.99954 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance companycharges $160 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $150,000 asa death benefit. If a 30-year-old male purchases the policy, what is his expected value?- $155$92O-$25O - $91

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Compare and contrast Oogenesis with Spermatogenesis with regard to Ability to produce new sperm or ova during...

Biology
1.2K views

Propionibacterium is part of the normal microbiota of the skin. T or F Candidiasis often occurs following antibiotic...

Medical Sciences
1.2K views

Describe how your biceps muscle contracts IN SERIES AT CELLULAR & MYOFIBER LEVELS when you drink...

Biology
1.2K views

What is the relationship between type of fertilization and reproductive environment? what is a logical reason...

Biology
1.2K views

Choose the correct answer The political problems in Northern Ireland seem to be rooted in...

Biology
1.2K views

5 Food web construct a food web utilizing more than 3 organisms Plants lows 1...

Physics
1.2K views

A 2kW resistance heater wire whose thermal conductivity is K 15 w m k has...

Physics
1.2K views

a Example 1 13 An early model for an atom considered it to have positively...

Calculus
1.2K views

Find the derivatives of the following functions 2 points each Deniwalotarll A f t 10...

Accounting
1.2K views

a. Prepare a flexible budget for the actual units produced for May, June, and July...

Accounting
1.2K views

The projected benefit obligation was $120 million at the beginning of the year. Service cost...

Accounting
1.2K views

Exercise 8-21A (Algo) Computing and recording the amortization of intangibles LO 8-10, 8-11\ Dynamo Manufacturing...