Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. tutorial exercise the probability that an 80 year

Tutorial Exercise The probability that an 80 year old male in the U S will...

70.2K

Verified Solution

Question

Basic Math

image

Tutorial Exercise The probability that an 80 year old male in the U S will die within one year is approximately 0 069941 If an insurance company sells a one year 13 000 life insurance policy to such a person for 432 what is the company s expectation Part 1 of 3 Let S be the event that the person dies within one year Then P S 0 069941 Submit Skip you cannot come back In this case the Fompany has to pay out 13 000 Since the company charged 432 for this policy the company s actual loss is X

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

1. Parallel Line Construction: For this part of the assignment you will construct a parallel...

Geometry
Q

Describe and ecological study in which using the lincoln-peterson or Schnabel Index might be useful?

Biology
Q

A person jumps odd the top of a building which is 12 metres above ground. She...

Physics
Q

journal..v he cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,788....

Accounting
Q

16x 25 OS b x 16x 25 Use the drop down menus to factor the...

Basic Math
Q

A graph G is a k regular graph if all the vertices of G has...

Algebra
Q

Tequila Mockingbird, a liquor store, purchased a new point-of-sale system to improve efficiency...

Accounting
Q

South Company, a public company, sells large construction equipment. On 1 January 20\times 5, the...

Accounting
Q

For each Financial Transaction below, identify the effect on the Balance Sheet, Income Statement and...

Accounting
Q

[The following information applies to the questions displayed below.] Preble Company manufactures one product. Its...

Accounting
Q

Consider the following information about three stocks: ...

Finance
Q

At the beginning of 1 September, Warren Miles had $900 in the bank. During 1...

Accounting