rance: An insurance company sells a 1-year term life insurance policy to an 77-year-old woman. The woman pays a premium of $2300. If she die within 1 year, the company will pay $47,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an -year-old woman will be alive 1 year later is 0.9512. 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 P(x) 2300 3
rance: An insurance company sells a 1-year term life insurance policy to an 77-year-old woman. The woman pays a premium of $2300. If she die within 1 year, the company will pay $47,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an -year-old woman will be alive 1 year later is 0.9512. 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 P(x) 2300 3
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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![Insurance: An insurance company sells a 1-year term life insurance policy to an 77-year-old woman. The woman pays a premium of $2300. If she dies
within 1 year, the company will pay $47,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 77
-year-old woman will be alive 1 year later is 0.9512. 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
2300
X
S
X
P(x) O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fede35abd-d22b-40c1-8556-fa43751e5db9%2F095e7c4b-09b0-41bc-bc3a-5017dfc8ea25%2Ft7qn2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Insurance: An insurance company sells a 1-year term life insurance policy to an 77-year-old woman. The woman pays a premium of $2300. If she dies
within 1 year, the company will pay $47,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 77
-year-old woman will be alive 1 year later is 0.9512. 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
2300
X
S
X
P(x) O
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