Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old woman. The woman pays a premium of $4200. If she dies within 1 year, the company will pay $76,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 81-year-old woman will be alive 1 year later is 0.9457. Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is X 0 4200 P(x) □ n X 5

Q: During a given week, the probability that a particular common stock issue will increase (I) in…

A:

Q: Throw one thousand dice at the same time and write and draw the probability distribution for the sum…

A: Let x denote the face number of a die. Then, x can take values 1,2,3,4,5 and 6. Suppose in 1000 dice…

Q: P(E)=35/41. Find the probability that the event will not happen.

A:

Q: The probability that the return will be below X% is approx. 0.16. What is the value of X for Stock…

A: We are given:p = 0.16 (probability of return being below X%)For Stock A and Stock B:X = (1 - p) *…

Q: If the probability that an individual will suffer a bad reaction to a given vaccine is 0.17.…

A:

Q: has the virus given that they have tested postive does not have the virus given that they test…

A: A certain virus infects one in every 300 people. A test used to detect the virus in a person is…

Q: Based on historical data kept by a business school, the probability distribution for students who…

A: Given Observation and Calculation

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: nown as subjective probability. the law of large numbers. an impossible event.

A: It is an important part of statistics. It is widely used.

Q: An insurance company sells a $9,000, nine-year term life insurance policy to an individual for $460.…

A: The objective of this question is to calculate the expected return for the insurance company from…

Q: Liza Soberano never forget to eat sinigang once from 6AM to 8PM every day. The probability of her…

A: A continuous random variable is a variable whose value can be obtained by measuring. A continuous…

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: Find the probability of the indicated event if ​P(E)=0.25 and ​P(F)=0.55. Find​ P(E and​ F) if​ P(E…

A: Here we need to find P(E and F).

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

A:

Q: Find the indicated probability. P(A or B) =| (Simplify your answer. Type an integer or a decimal.)…

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: The number of days ahead travelers purchase their airline tickets can be modeled by an exponential…

A: The question is about exponential distribution.Given :No. of days travelers wait to purchase a…

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

A:

Q: Find the indicated Probability Given P(A) = 0.55 P(B) = 0.55 P(A or B) = 1 P(A and B) =

A: Given information- P(A) = 0.55P(B) = 0.55P(A or B) = 1We have to find P(A and B).

Q: A certain virus infects one in every 400 people. A test used to detect the virus in a person is…

A:

Q: Find the probability of the indicated event if ​P(E)=0.25 and P(F)=0.45.

A: From the given information, ​P(E)=0.25 and P(F)=0.45 P(E and​F)=0.10.

Q: An insurance company sells a $2,000, eight-year term life insurance policy to an individual for…

A: Given that the individual will live for the next eight years is 0.99. So, the probability that the…

Q: Find the probability of the indicated event if ​P(E)=0.35 and ​P(F)=0.45. Find​ P(E or​ F) if​ P(E…

A: Given that p(E)=0.35

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: The amount of time a nurse at the blood donor clinic spends with a patient is known to follow an…

A: The average amount of time spends with a patient is 10 minutes.A random variable XExponential(=)The…

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)=0.30 and ​P(F)=0.45. Find​ P(E or​ F) if​ P(E…

A: Solution: From the given information,

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

A: premium to buy insurance : $3600 if die within 1 year company will pay $90000 to her beneficiary.…

Q: Give in brief the concept of probability

A:

Q: At an exhibition, the probability of visitors on the first day is 3/5. The ticket price for a…

A:

Q: If a 60 year-old buys a $1000 life insurance policy at a cost of $70 and has a probability of 0.921…

A: The expectation of the policy until the person reaches 61 is 9 dollarsSo, $9 is equal to 900…

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: Analyzing data, you found that the probability that a computer user clicks on the online ad of your…

A: The question is about identifying the distribution Given : Prob. of computer user clicks on the…

Q: Question 8 John Lloyd has purchased the insurance policy from an insurance company to cover the…

A: Given that:Probability that the fire destroys the house during the length of

Q: Insurance: An insurance company sells a 1-year term life insurance policy to an 80-year-old man. The…

A: