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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 4 There is 0.998456 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance company charges $161 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $100,000 as a death benefit. If a 30-year-old male purchases the policy, what is his expected value? O $15.60 $24.04 O - $6.60 O - $35.04
Transcribed Image Text:QUESTION 4 There is 0.998456 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance company charges $161 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $100,000 as a death benefit. If a 30-year-old male purchases the policy, what is his expected value? O $15.60 $24.04 O - $6.60 O - $35.04
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