maidadiaz9459
20.01.2021 •
Mathematics
A life insurance company sells a term insurance policy to 21-year old males that pays $100,00 if the insured dies within the next 5 years. The probability that a randomly chosen male will die each year can be found in mortality tables. The company collects a premium, of $250 each year as payment for the insurance. The amount Y that the company earns on a randomly selected policy of this type is $250 per year, less the $100,000 that it must pay if the insured dies.
The Chart Below is the probability distribution of Y
Calculate the expected value of Y. Explain what this results means for the insurance company.
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Ответ:
303.350
Step-by-step explanation: multiply the profit by the probability of all age groups. Then you add up all the answers you had gotten to get the expected value of Y.
Ответ:
A B D E
Step-by-step explanation:
Just did it!