a. Surviving the year: $197; Not surviving the year: $100,000
b. Expected value: $306.78
c. The insurance company can expect to make $86.49 in profit per policy.
We have,
a.
From the perspective of the 29-year-old male:
Surviving the year:
The monetary value is the cost of the insurance premium, which is $197.
Not surviving the year:
The monetary value is the death benefit paid out by the policy, which is $100,000.
b.
To calculate the expected value for the 29-year-old male, multiply the probability of each event by its corresponding monetary value and sum them up:
Expected Value = (Probability of Surviving * Monetary Value of Surviving) + (Probability of Not Surviving * Monetary Value of Not Surviving)
= (0.9989 * $197) + (0.0011 * $100,000)
= $306.78
c.
Expected Premium Revenue
= Probability of Surviving * Premium Amount
= 0.9989 * $197
≈ $196.49
Expected Payout
= Probability of Not Surviving * Death Benefit
= 0.0011 * $100,000
≈ $110
Profitability
= Expected Premium Revenue - Expected Payout
= $196.49 - $110
≈ $86.49
Since the expected premium revenue exceeds the expected payout, the insurance company can expect to make a profit from many such policies.
In this scenario, the insurance company can expect to make $86.49 in profit per policy.
Therefore,
a. Surviving the year: $197; Not surviving the year: $100,000
b. Expected value: $306.78
c. The insurance company can expect to make $86.49 in profit per policy.
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a. From the perspective of the 29-year-old male:
Surviving the year: The cost of insurance is $197.
Not surviving the year: The policy pays out a death benefit of $100,000.
b. The 29-year-old male's expected value is -$86.8013, indicating a potential loss.
c. Yes, the insurance company can expect to make a profit. The expected value is negative, meaning the company collects more in premiums than it pays out on average.
a. From the perspective of the 29-year-old male:
Surviving the year: The cost of insuring that the male will live through the year is $197.
Not surviving the year: The policy pays out a death benefit of $100,000.
b. To calculate the expected value for the 29-year-old male, we need to consider the probabilities of each event and their corresponding monetary values.
Expected Value = (Probability of surviving * Monetary value of surviving) + (Probability of not surviving * Monetary value of not surviving)
Probability of surviving = 0.9989
Monetary value of surviving = -$197 (since this represents the cost of insurance)
Probability of not surviving = 1 - Probability of surviving = 1 - 0.9989 = 0.0011
Monetary value of not surviving = $100,000
Expected Value = (0.9989 * -$197) + (0.0011 * $100,000)
Expected Value = -$196.8013 + $110
Expected Value = -$86.8013
Therefore, the expected value for the 29-year-old male is approximately -$86.8013.
c. The insurance company can expect to make a profit from many such policies because the expected value is negative (-$86.8013). The cost of insuring the male is $197, but the expected value is significantly less. This means that on average, the insurance company will collect more in premiums than it pays out in claims, resulting in a profit. The small probability of not surviving the year and the high payout of $100,000 contribute to the insurance company's ability to make a profit by spreading the risk among many policyholders.
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Find the percent increase or decrease for each of the following values (Indicate whether each is an increase or a decrease).
0.5p to 0.75p
Answer: I think
Step-by-step explanation:
car x travels 186 in 3 hours write an equation of the linethat describes the relationship between distance and time
Answer:
car x travels 62 miles an hour
Step-by-step explanation:
186 in 3 hours can also be represented by 186 divided by 3, and when this happens you would get 62 miles per hour
y=62x equation of the line that describes the relationship between distance and time.
What is Speed?Speed is the time rate at which an object is moving along a path.
Given,
car x travels 186 miles
Distance=186
Time = 3 hours
We need to find the equation of the line that describes the relationship between distance and time
This can be achieved by Speed formula.
Speed=Distance/time
Speed =y/x
Speed =186/3=62
62=y/x
Now apply cross multiplication
y=62x.
Hence, y=62x equation of the line that describes the relationship between distance and time.
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Train A leaves the station at 1:45 traveling at a constant speed of 65 mph. If it arrives at its destination at 3:15, how many miles did it travel
======================================================
Explanation:
From 1:45 to 2:15 is a span of 30 minutes, or 30/60 = 1/2 = 0.5 hour.
From 2:15 to 3:15 is a span of 1 hour
In total, the entire duration is 0.5 hr + 1 hr = 1.5 hours
------------
Multiply the speed with the time value to get the distance traveled
distance = rate*time
distance = (65 mph)*(1.5 hrs)
distance = (65*1.5) miles
distance = 97.5 miles
HELP PLEASE LOTS OF DEEZ POINTZZZ BRAINLIEST ANSWER PLEAZZZZEEEE Rewrite the following multiplication problem using the associative property and then show that both results will be the same. 1/2 x 2/3 x 4/5
Answer:
(1/2 x 2/3) x 4/5
Step-by-step explanation:
1/2 x 2/3 x 4/5 = 4/15
(1/2 x 2/3) x 4/5 = 4/15
Answer:deez
Step-by-step explanation:
Deez nts
HELP NOW
(solve by substitution lesson)
1. y=4x-8
y=2x+10
2. y=x-2
2x+2y=4
3. m=5p+8
m=-10p+3
Considering these two equations:
y - 2x = 25
19y + 10x = 25
Which expression can be substituted for y
in the bottom equation of the system to
solve the system by substitution?
Determine whether or not the relationship between x and y is proportional. Explain how you deter-
mined your answer.
(#1) please help
Answer:
Al of them are proportional
Step-by-step explanation:
If you see the first one is getting multiplied by 2 same as the second but the third is reversed.
2x,2x,-2x
A machine paints 340 toy boats in 15 minutes. What is the Unit rate?
Answer:
about 22
Step-by-step explanation:
Answer:
340 boats
---------------
3/4 hours
Explanation:
Since we are asked to find the unit rate per hour, we must convert the minutes given into hours.
45 minutes⋅ 1 hour / 60 minutes = 3/4 hours
Now, we simply put the number of toy boats given in the problem over the total amount of time (in hours) required to paint them. Thus, our final answer is:
340 boats
------------
3/4 hours
A road that is two miles long is divided into three equal sections what was the length of each section
Answer:
2/3
Step-by-step explanation:
Roberto has 26% of
$550 per week, what amount is withheld?
his pay withheld for deductions. If he earns
Answer:
407 Dollars
Step-by-step explanation:
550 x 0.26 = 143 dollars that he keeps, now we do 550 - 143 = 407, that gets withheld
50 POINTS!!! Please give an explanation and answer to this word problem. I am not just giving you 50 points for an answer!
Answer:
D from A = 34 miles
Step-by-step explanation:
We know the total distance is 200 miles (this would be when they meet)
The rate for cyclist A is 17
The rate for cyclist B is 83
We know the time is equal
Distance = rate * time
Distance for A = 17t
Distance for B = 83 t
The total distance = distance for A + distance for B
200 = 17t + 83t
Combine like terms
200 = 100t
Divide each side by t
200/100 = 100t/100
They will meet at t =2 hours
I know you say we need the distance
Distance for A
D = 17*t
We now know t
D = 17*2
D = 34 miles
Answer:
34 milesStep-by-step explanation:
The distance AB is 200 miles
Let them meet after x hours, we have equation below:
17x + 83x = 200100x = 200x = 2 hoursThe cyclist will drive the distance from point A:
17*2 = 34 milesThey will meet at 34 miles from point A
expression equal to x+x+x+2
What is the slope of the line graph
Answer:
[tex]m=\frac{-1}{3}[/tex]
General Formulas and Concepts:
Pre-Algebra
Order of Operations: BPEMDAS
Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to RightAlgebra I
Slope Formula: [tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]Step-by-step explanation:
Step 1: Define
Find points from graph.
Point (-6, 6)
Point (6, 2)
Step 2: Find slope m
Simply plug in the 2 coordinates into the slope formula to find slope m
Substitute [SF]: [tex]m=\frac{2-6}{6+6}[/tex]Subtract/Add: [tex]m=\frac{-4}{12}[/tex]Simplify: [tex]m=\frac{-1}{3}[/tex]1. The coins in Jada's pocket are worth 75% of a dollar. How much are they worth (in dollars)?
Answer:
$0.75
Step-by-step explanation:
6. 8
3, 2.28, 10
12 , 0.199
What number in the list above has the greatest value?
Answer:
12
Step-by-step explanation:
Which mapping diagram does NOT represent a function from x → y?
Answer:
The correct answer is D
Step-by-step explanation:
the x coordinates on all the other answers don't themselves
hope is helps
have a great day
:)
In a car wash fundraiser, the money earned varies directly with the number
of cars washed. If four cars are washed, $14 is made.. Determine how much
money is made when 15 cars are washed.
if 15 cars were washed there would be $52.50
Which equation describes the line that passes through the points (1, 3) and (– 2, 6)?
y = -x + 4
y = - 2x + 3
y = -x + 3
y = - 2x + 6
The equation y = -x + 4 describes the line that passes through the points (1, 3) and (– 2, 6).
What is a line?A line is a straight one-dimensional geometrical which has 0 wideness and extends infinitely in both directions. A line is also called a straight line.
A line is also called one-dimensional. It extends infinitely in both directions and has 0 wideness. It's not a shape since it has no form. although we used to represent points or lines as shapes because we need to actually analyze them, they don't actually have any form.
Given that two points (1, 3) and (– 2, 6) and asking which is the line passing through both points now if line passing then it should satisfy points.
By the cross, checking option is clear that in first option
3 = -1 + 4
3 = 3
and 6 = 2 + 4 =6 so its clear y = -x + 4 will be the correct line.
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Question 3
7 pts
Which equation represents the situation ? nineteen less than seven times a number is
the same as 16 more than the number. (x represents the number)
O 7x - 19 = x + 16
O 19- 7x = x + 16
7x + 19 = x - 16
O none of the above
7 pts
Question 4
I’ll literally pay you if i can lol
9514 1404 393
Answer:
7x - 19 = x + 16
Step-by-step explanation:
Once you get over your aversion to "word problems", you find that the translation from English is not hard.
"Seven times a number" is 7x.
Nineteen less than that is 7x-19.
"16 more than the number" is x+16.
"Is" means "is equal to," so you have ...
7x -19 = x +16 . . . . . . . matches the first choice
_____
Additional comment
The 11-digit number at the top is intended to impart an energy that may help with an aversion to word problems. The effect is subtle and often takes numerous repetitions over time.
Let p be the elevation of a passage in meters. Write an inequality that
represents elevations below -8 meters.
Answer: -8>p
Step-by-step explanation: um it just is
The required inequality is -8 > p which represents elevations below -8 meters.
What is inequality?Inequality is defined as mathematical statements that have a minimum of two terms containing variables or numbers that are not equal.
Arithmetic operations can also be specified by the subtract, divide, and multiply built-in functions.
The operator that performs the arithmetic operations is called the arithmetic operator.
Let p be the elevation of a passage in meters.
We have to determine inequality that represents elevations below -8 meters.
According to the given question, translate the phrase into an algebraic form :
⇒ -8 > p or
⇒ p > 8
Therefore, the algebraic inequality represents the sentence " p less than eight"
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3 3/4 divided by 5/7
I think I already answered it to you from the same question you asked earlier.
But anyways, the answer is in the image below and the steps are also in one of the images too.
Hope this helps! :)
Answer:
15/4 × 7/5
= 105/20
= 5 5/20
= simplified 5 1/4
Sabrina plans to apply for a loan that requires a down payment at the end of this year what will help her reduce the total cost of the loan
Answer:
Increasing the down payment.
Step-by-step explanation:
The longer Sabrina takes to pay all the money to the bank, more expensive it will be, so a an idea is to decrease that final cost.
In fact, increasing the down payment is best because to pay, you need money, the more something expensive, the more money you need. Like the bank.
Answer:
Option D
Step-by-step explanation:
Just took the test on Plato and got it right
Can somebody help me please
Which of these relations is a function?
Identify the y-intercept for y=0.5x−3.
(0,_)
Answer:
the y-intercept is -3 because the equation is in y=mx+b where m is the slope and b is the y-intercept
Step-by-step explanation:
What is the unit rate for 280 students/8 buses?
Answer:
i believe c.
Step-by-step explanation:
What accomplishment demonstrates the importance of the Mayan ruler Quetzalcoatl and his reign?
Answer:
He was known as the inventor of books and the calendar, the giver of maize (corn) to mankind, and sometimes as a symbol of death and resurrection. Quetzalcoatl was also the patron of the priests and the title of the twin Aztec high priests.
Step-by-step explanation:
i think sorry if it was not the right answer
Two groups of friends go to a baseball game. Each group plans to share the snacks shown. How much does one drink cost and how much does one pretzel cost?
Answer:
i need a picture this is rigged
Step-by-step explanation:
26/50 as a percentage?
Answer:
52%
Step-by-step explanation:
Easy 50 is half of 100 so times 26 by two because 50 times 2 is 100 so then 26 x 2 = 52
2y + x = 6
y − kx = 2
For which values of k
a) lacks the equation system solution
b) the system of equations has a solution
c) the system of equations has a solution in the 1st quadrant (x, y> 0)
B) The system of equations has a solution
