Question Help ▼ Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 25-year-old female for $320. The probability that the female survives the year is 0.999646. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $29.08 on every 25-year-old female it insures for 1 month. O B. The insurance company expects to make an average profit of $319.89 on every 25-year-old female it insures for 1 year, O C. The insurance company expects to make an average profit of $238.58 on every 25-year-old female it insures for 1 year. O D. The insurance company expects to make an average profit of $21.69 on every 25-year-old female it insures for 1 month. Click to select your answer(s).

Question Help ▼ Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 25-year-old female for $320. The probability that the female survives the year is 0.999646. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $29.08 on every 25-year-old female it insures for 1 month. O B. The insurance company expects to make an average profit of $319.89 on every 25-year-old female it insures for 1 year, O C. The insurance company expects to make an average profit of $238.58 on every 25-year-old female it insures for 1 year. O D. The insurance company expects to make an average profit of $21.69 on every 25-year-old female it insures for 1 month. Click to select your answer(s).

Name: Question Help ▼Suppose a life insurance company sells a $230,000 one-
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Description: Question Help ▼Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 25-year-old female for $320. The probability that the female survives the year is 0.999646. Compute and interpret theexpected value of this pol

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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