Question 9Neveah has purchased the life insurance policy for her iguana for the price of $100 per year and Neveahwill receive $4000 in case if her iguana passes away. The insurance company estimated the probability ofher iguana passing away during the length of the policy to be 0.1%. Let X be the insurance company'sprofit. Answer the following questions:1. Create the probability distribution table for X:Xoutcomeiguana passes away=profit ,$ P(X= x)-4000 Xiguana survives2. Use the probability distribution table to find the following:0.0014000 X 0.999a. E[X] = μx3992 dollars. (Round the answer to 1 decimal place.)b. SD[X]=ox 252.9 x dollars. (Round the answer to 1 decimal place.)

given data insurance cover premium : $100 receive if passes away : $4000 P(passes away) = 0.1% =…

Answered: Neveah has purchased the life insurance…

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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