Question

there is a 0.998 6 probability that a random selected 30 year old male lives through...

there is a 0.998 6 probability that a random selected 30 year old male lives through the year a Fidelity life insurance company charges $160 for ensuring that the mail will live through the year. If the male does not survive the year the policy pays out a hunch $110,000 as a death benefit if a 30 year old male purchases a policy what is his family's expected value

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
There is a 0.99880.9988 probability that a randomly selected 2929​-year-old male lives through the year. A...
There is a 0.99880.9988 probability that a randomly selected 2929​-year-old male lives through the year. A life insurance company charges ​$144144 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$90 comma 00090,000 as a death benefit. a. From the perspective of the 2929​-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​ surviving? The value corresponding to surviving...
There is a 0.9983 probability that a randomly selected 32​-year-old male lives through the year. A...
There is a 0.9983 probability that a randomly selected 32​-year-old male lives through the year. A life insurance company charges ​$198 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. a. From the perspective of the 32​-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​ surviving? The...
There is a 0.99840.9984 probability that a randomly selected 3232​-year-old male lives through the year. A...
There is a 0.99840.9984 probability that a randomly selected 3232​-year-old male lives through the year. A life insurance company charges ​$178178 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$80 comma 00080,000 as a death benefit. Complete parts​ (a) through​ (c) below. a. From the perspective of the 3232​-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​...
There is a 0.9991 probability that a randomly selected 32​-year-old male lives through the year. A...
There is a 0.9991 probability that a randomly selected 32​-year-old male lives through the year. A life insurance company charges ​$173 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. a. From the perspective of the 32-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​ surviving?The value...
There is a .9968 probability that a randomly selected 50-year-old female will live through the year....
There is a .9968 probability that a randomly selected 50-year-old female will live through the year. A life insurance company charges $226 for insuring that the female will live through the year. If she does not survive the year, the policy pays out $50,000 as a death benefit. A. From the perspective of the 50-year-old female, what are the values corresponding to the two events of surviving the year and not surviving the year? B. What are the probabilities associated...
The probability that a randomly selected 5​-year-old male stink bug will live to be 6 years...
The probability that a randomly selected 5​-year-old male stink bug will live to be 6 years old is 0.95843. ​(a) What is the probability that two randomly selected 5​-year-old male stink bugs will live to be 6 years​ old? ​(b) What is the probability that five randomly selected 5​-year-old male stink bugs will live to be 6 years​ old? ​(c) What is the probability that at least one of five randomly selected 5​-year-old male stink bugs will not live to...
The probability that a randomly selected 5-year-old male stink bug will live to be 6 years...
The probability that a randomly selected 5-year-old male stink bug will live to be 6 years old is 0.98016. ​(a) What is the probability that two randomly selected 5-year-old male stink bugs will live to be 6 years​ old? ​(Round to five decimal places as​ needed.) ​(b) What is the probability that eight randomly selected 5-year-old males stink bugs will live to be 6 years​ old? ​(Round to five decimal places as​ needed.) (c) What is the probability that at...
The probability that a randomly selected 1​-year-old male feral cat will live to be 2 years...
The probability that a randomly selected 1​-year-old male feral cat will live to be 2 years old is 0.97059. ​(a) What is the probability that two randomly selected 1​-year-old male feral cats will live to be 2 years​ old? ​(b) What is the probability that five randomly selected 1​-year-old male feral cats will live to be 2 years​ old? ​(c) What is the probability that at least one of five randomly selected 1​-year-old male feral cats will not live to...
The probability that a randomly selected 4-year-old male stink bug will live to be 5 years...
The probability that a randomly selected 4-year-old male stink bug will live to be 5 years old is 0.97497. a) What is the probability that two randomly selected 4-year-old male stink bugs will live to be 5 years old? b) What is the probability that eight randomly selected 4-year-old male stink bugs will live to be 5 years old? c) What is the probability that at least one of eight randomly selected 4-year-old male stink bugs will not live to...
The probability that a randomly selected 3-year-old male garter snake will live to be 4 years...
The probability that a randomly selected 3-year-old male garter snake will live to be 4 years old is 0.95586. A,) What is the probability that two randomly selected 3 year old male garter snakes will live to be 4 years old? B.) What is the probability that seven randomly selected 3 year old male garter snakes will live to be 4 years old? C.) What is the probability that at least one of seven randomly selected 3-year-old male garter snakes...