According to the tables used by insurance companies, a 48-year old man has a 0.169% chance of passing away during the coming year. An insurance company charges $217 for a life insurance policy
that pays a $100,000 death benefit.
What is the expected value for the person buying the insurance?

The expected value for the person buying the insurance is of -$48.

Step-by-step explanation:

Expected value:

0.169% = 0.00169 probability of earning the death benefit of $100,000, subtracting 217, 100000 - 217 = $99,783.

100 - 0.169 = 99.831% = 0.99831 probability of losing $217.

What is the expected value for the person buying the insurance?

The expected value for the person buying the insurance is of -$48.

3

Step-by-step explanation:

The given data shows that only 1 row was in use. We also know that Mr. Torres is an adult. So for the ease, lets use A for Adult and S for student.

The seating must fulfill the requirements that 4 students must be between adults such that it would be "A-S-S-S-S-A"

On a row of 11 seats, this should be the searing arrangements.

A-S-S-S-S-A-S-S-S-S-A ( for 1 row).

Mr. Torres could be any A .