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

Other questions asked by students

Psychology
1.2K views

What are the theoretical framework and conceptional framework for \"Student’s satisfaction with the education services provided...

Basic Math
1.2K views

A retrospective study of 159 pairs of twins was performed. The twin pairs each had one...

Physics
1.2K views

A 600-g mass traveling at 8.0 m/s undergoes a head-on elastic collision with a 200-gmass...

Calculus
1.2K views

Maximize f x y 10x y subject to x y 2 without using the method...

Calculus
1.2K views

K L de 12 9 da 86

Algebra
1.2K views

Without graphing the function y = 7 sin(2x), determine its amplitude, period, and section width(distance...

Accounting
1.2K views

Listed below are days associated with dividends to stockholders: I. Date of record...

Accounting
1.2K views

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...

Accounting
1.2K views

Need help with this asap. Thanks Problem 4 Roberts, which began business...

Accounting
1.2K views

Rights of common stockholders include all of the following except a. the right to receive...

Finance
1.2K views

7. Lease or Buy Witten Entertainment is considering buying a machine that costs $545,000. The...

Finance
1.2K views

Question 8 (1 point) Of the following situations, exposures arise. is NOT a situation from...