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Previous 1 2 3 45 67 89 10 Next Question 5 of 13 (1 point) View problem in a pop

ID: 3058100 • Letter: P

Question

Previous 1 2 3 45 67 89 10 Next Question 5 of 13 (1 point) View problem in a pop-up Insurance: An insurance company sells a 1-year term life insurance policy to an 79-year-old man. The man pays a premium of $2200. If he dies within 1 year, the company will pay $34,000 to his beneficiary. According to the U.s. Centers for Disease Control and Prevention, the probability that an 79-year-old man will be alive 1 year later is 0.9381. Lek be the profit made by the insurance company. Part 1 out of 2 Find the probability distribution. The probability distribution is 2200 P(x) Tin

Explanation / Answer

Previous 1 2 3 45 67 89 10 Next Question 5 of 13 (1 point) View problem in a pop-up Insurance: An insurance company sells a 1-year term life insurance policy to an 79-year-old man. The man pays a premium of $2200. If he dies within 1 year, the company will pay $34,000 to his beneficiary. According to the U.s. Centers for Disease Control and Prevention, the probability that an 79-year-old man will be alive 1 year later is 0.9381. Lek be the profit made by the insurance company. Part 1 out of 2 Find the probability distribution. The probability distribution is 2200 P(x) Tin

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