A new applicant, age 32, is applying for a loan. Using the table below, what is the estimated probability the loan will default using k= 3.Record Age342431324453123456MaritalLoanSingle $ 4,800.00Other$16,000.00$ 9,000.00$10,000.00$12,000.00$14,000.00SingleSingleMarriedSingleRiskHighHighLOWMediumHighHighDefaultYesNoNoNoYesYes

RecordAgeMaritalLoanRiskDefault134Single$4800.00HighYes224Other$16000.00HighNo331Single$9000.00LowNo…

Answered: A new applicant, age 32, is applying…

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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An architect is considering bidding for the design of a new museum. The cost of drawing plans and submitting a model is $18,000. The probability of being awarded the bid is 0.2. If the architect is awarded the bid, she will make $90,000 minus the $18,000 cost for plans and a model. Complete parts a. through b. below. a. What is the expected value in this situation? $ (Round to the nearest dollar.) b. Choose the statement below that best describes what this value means. O A. In the long run, the architect would expect to earn this amount. OB. In the long run, the architect would expect to lose this amount. O C. In the long run, the architect would expect to break even. O D. None of the above. C
A consultant has been hired to redesign a company's production facility. The consultant estimates the probabilities of her potential profit as shown in the table below. What is her profit expectation? $ Profit/Loss $40,000 $30,000 $20,000 $10,000 $5,000 Probability 0.06 0.20 0.38 0.30 0.06
Amount of claim (to nearest $20,000) Probability $0 0.70 $20,000 0.17 $40,000 0.06 $60,000 0.04 $80,000 0.02 $100,000 0.01 A. Calculate the expected value? B. How much should the company charge as an average premium so that it breaks even on its claim costs? C. How much should the company charge to make a profit of $50 per policy?
K There is a 0.9986 probability that a randomly selected 32-year-old male lives through the year. A life insurance company charges $189 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 32-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.)
A consultant has been hired to redesign a company's production facility. The consultant estimates the probabilities of her potential profit as shown in the table below. What is her profit expectation? Profit/Loss Probability $40,000 $30,000 $20,000 $10,000 $5,000 0.08 0.30 0.38 0.20 0.04
this a statistics question!!!! I am lookin for the monetary value!!!! For box a is $100,000 box b is -$55,000 box c is 0 and box d is 0 p1 = 75%p2 = 25% questions are 1. what EMV ( expected monetary value) amount do you come up with ? And what is your EMV decision ? In other words, do you build, or not?
??
XYZ Insurer has economic capital of $150,00. It has just collected $450,000 in premiums and projects total loss obligations (liabilities) according to the following table. Projected Total Losses $200,000 S300,000 $400,000 $500,000 S600,000 S700,000 SS00,000 $900.000 Probability of Total Losses 10 20 35 20 10 .03 015 005 What is the probability that XYZ Insurer will not have enough assets and capital to meet its loss obligations? 3% 5% 01:49
You own a fruit garden. Choose one of the followings by showing clear calculation. Yearly inflation rate is 5%. Option A: Invest 3 lac BDT to buy cultivation tools/factory. At end of every year you may gain high (8 lac BDT), medium (3 lac BDT) or low (1 lac BDT) with respective probability 0.3, 0.4 and 0.3 for the next 5 years. Option B: Lease the garden. The lessee pays 3.5 lac BDT at the beginning of each year for the next 5 years. There is risk of plant mortality due to hyper production. Loss may be high: 9 lac BDT (probability 0.1) or low: 1 lac BDT. This loss is realized at the end of 5th year only.
Provide an appropriate response. 12) A 28-year-old man pays $165 for a one-year life insurance policy with coverage of $140,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance company?
Calculate the six values of joint probability (5th column) and present worth PW (last column) and fill in the below table assuming a first cost of $20,000 and 12% interest rate. Annual benefits Probability Life (years) Probability Joint probability $5,000 $8,000 $10,000 $5,000 $8,000 $10,000 PW 30% 6. 66.7% 60% 66.7% 10% 66.7% 30% 33.3% 60% 33.3% 10% 33.3% O6999
There is a 0.9985 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $191 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $120,000 as a death benefit. Complete parts (a) through (c) below.

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