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1. Create the probability distribution table for X: X outcome a. E[X] = μx b. SD[X]=ox profit æ,$ P(X=x) iguana passes away iguana survives 2. Use the probability distribution table to find the following: dollars. (Round the answer to 1 decimal place.) dollars. (Round the answer to 1 decimal place.)

1. Create the probability distribution table for X: X outcome a. E[X] = μx b. SD[X]=ox profit æ,$ P(X=x) iguana passes away iguana survives 2. Use the probability distribution table to find the following: dollars. (Round the answer to 1 decimal place.) dollars. (Round the answer to 1 decimal place.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question 9 Neveah has purchased the life insurance policy for her iguana for the price of $100 per year and Neveah will receive $4000 in case if her iguana passes away. The insurance company estimated the probability of her iguana passing away during the length of the policy to be 0.1%. Let X be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for X: X a. E[X] b. SD[X] = σX outcome = με iguana passes away iguana survives 2. Use the probability distribution table to find the following: profit ,$| P(X=x) dollars. (Round the answer to 1 decimal place.) dollars. (Round the answer to 1 decimal place.)
Transcribed Image Text:Question 9 Neveah has purchased the life insurance policy for her iguana for the price of $100 per year and Neveah will receive $4000 in case if her iguana passes away. The insurance company estimated the probability of her iguana passing away during the length of the policy to be 0.1%. Let X be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for X: X a. E[X] b. SD[X] = σX outcome = με iguana passes away iguana survives 2. Use the probability distribution table to find the following: profit ,$| P(X=x) dollars. (Round the answer to 1 decimal place.) dollars. (Round the answer to 1 decimal place.)
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