Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $24,000 loss, probability 0.21 of a $6900 profit, probability 0.14 of a $38,000 profit, and probability 0.26 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? The expected value of the profit is $____

Q: rance: An insurance company sells a 1-year term life insurance policy to an 77-year-old woman. The…

A: A premium of $2300 is paid by the woman.The company will pay $47000, if she dies within 1 year.The…

Q: A venture capitalist is considering investor money in a business that she saw on the show "Shark…

A: The probability is the chance of getting the event. Let X be the random variable with the…

Q: A small organization is renting an outdoor arena for $1,000 and hosting a concert if it is it sunny…

A: Given outdoor arena for $1,000 expect to earn $6,000 Find if it rains the company will lose the $100…

Q: In a game, you have a 1/43 probability of winning $142 and a 42/43 probability of losing $6. What is…

A: The probability of winning $142 is 1/43 and the probability of losing $6 is 42/43.

Q: Donny's team is considering joining a bowling league. Joining costs $40. His team has a 40% chance…

A: Given : Price money = 260 Joining cost = 40 Chances of winning = 0.40 Risk aversion = 85

Q: Moe plays a simplified version of powerball: you either win the entire jackpot of $200,000,000 or…

A: For a discrete random variable X the expected value or mean is computed by summing the…

Q: In a game of chance, you have 0.1 probability of winning $100 and a 0.9 probability of losing $20.…

A: P(win $ 100) = 0.1 P(lose $20) = 0.9 expected value of game = ?

Q: You are insuring against theft the new $300 CD-player you just installed in your car. Your insur-…

A: Given that the probability of theft is .2 in a given year. This means the probability of receiving…

Q: An investor is considering an investment in a start-up company. She estimates that she has…

A: The formula of the expected value is,

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A: It is given that the probability of total loss of only the above water superstructure is 0.40, the…

Q: Insurance: An insurance company sells a  1 -year term life insurance policy to an  85 -year-old…

A: Detailed explanation:  To find the probability distribution for the profit XXX made by the insurance…

Q: An insurance company estimates the probability of an earthquake in the next year to be 0.0013. They…

A: Let X represent the insurance company's payout X P(X) 0 0.9987 60000 0.0013 E(X)=∑x…

Q: ccording to a recent survey the probability that a student has a provisional driving licence is…

A: Given,P(a student has a provisional driving licence)=0.277P(a student owns a car)=0.295P(a student…

Q: An animal shelter has a 65% adoption rate for puppies. Of all puppies in the shelter, 75% live to be…

A:

Q: According to survival probability tables, the probability that an 80 year old male living 1…

A: The probability that an 80 year old male living 1 additional year is 0.93, then the probability that…

Q: Claims for a health company insurance are exponentially distributed. An insurance company offers the…

A: Given, Claims for a health company insurance are exponentially distributed. An insurance company…

Q: The probability that a 50-year-old male in the U.S. will die within one year is about 0.00142. An…

A: P(die within one year) = 0.00142 P(do not die) = 1-0.00142 = 0.99858 Insurance policy value : $30000…

Q: of $1800. If she dies within 1 year, the company will pay $39,000 to her beneficiary. According to…

A:

Q: Using the linear probability model, estimate the probability of a loan being approved when the Down…

A:

Q: Miranda decided to buy a $50,000 term life insurance policy from Palmetto Insurance Company to cover…

A: To find the expected cost we will multiply the total amount by the corresponding probability. Age…

Q: What would the expected value be if tickets were sold for $10 but there were 1000 tickets sold?…

A: To calculate the expected value (EV) for the raffle with the new parameters (tickets sold for $10…

Q: The probability that a 25-year-old female in the U.S. will die within one year is about 0.000514. An…

A: Probability of female will die within one year is about 0.000514. The amount of insurance policy for…

Q: Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old woman.…

A: A 1-Year Term life assurance offers coverage for only one year. The policyholder can then like…

Q: A 31-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $410.…

A: Given, The probability that she will survive the year is 0.999056. The probability that she will not…

Q: Suppose a life insurance company sells a $120,000 one-year term life insurance policy to a…

A: Given P=0.999356 q=1-p     =1-0.999356     =0.000644

Q: I own a stock in IBM. This week, I estimate that there is a 40% 'chance that my stock will gain…

A: We need to find expected value (Gain or loss)

Q: Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the…

A: During the next five years, the probability of total loss of only the above-water superstructure…

Q: An investor is considering an investment in a start-up company. She estimates that she has…

A: Suppose a variable x defines the net value obtained by the investment in the startup company.

Q: Bob, the proprietor of Midland Lumber, believes that the odds in favor of a business deal going…

A: Given a=9 b=5

Q: Insurance: An insurance company sells a  1 -year term life insurance policy to an  85 -year-old…

A: Given:The man pays a premium of $1600. If he dies within 1 year, the company will pay $33,000 to his…

Q: Insurance: An insurance company sells a 1-year term life insurance policy to an 76-year-old man. The…

A:

Q: Find the probability of the indicated event if P(E)= 0.25 and P(F) = 0.35. Find P(E or F) if P(E and…

A: Addition rule will applied here

Q: Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old man. The…

A:

Q: Insurance: An insurance company sells a  1 -year term life insurance policy to an  85 -year-old…

A: Insurance: An insurance company sells a 1-year term life insurance policy to an 85-year-old woman.…

Q: A consultant has been hired to redesign a company's production facility. The consultant estimates…

A: From the provided information, Profit/Loss (x) Probability P(x) $40,000 0.06 $30,000 0.20…

Q: Q17. A single share of a stock was purchased prior to the company's release of its quarterly report.…

A: We have to find the expected value of the stock two weeks from now.

Q: Suppose a person is looking for a one-year life insurance policy. They decide on a $232994 policy.…

A: Probability of dying =0.0006Probability of not dying = 1-0.0006 =0.9994Net profit to company if…

Q: Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub- parts for…

Q: Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the…

A: Given data :  Profit  on the clear day = 33,000 Profit  on the cloudy day = 15,000 Loss on rainy day…