Suppose a life insurance company sells a $280,000 one-yearterm life insurance policy to a 20-year-old female for $300. Theprobability that the female survives the year is 0.999585.Compute and interpret the expected value of this policy to theinsurance company....The expected value is $(Round to two decimal places as needed.)Which of the following interpretation of the expected value iscorrect?O A. The insurance company expects to make an averageprofit of $16.71 on every 20-year-old female it insuresfor 1 month.OB. The insurance company expects to make an averageprofit of $27.26 on every 20-year-old female it insuresfor 1 month.OC. The insurance company expects to make an averageprofit of $299.88 on every 20-year-old female it insuresfor 1 year.D. The insurance company expects to make an averageprofit of $183.80 on every 20-year-old female it insuresfor 1 year.

Given: one-year insurance price=$280,000 probability that female survives=0.999585 female bought…

Answered: The expected value is $ (Round to two…

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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d. There is a 30% chance that X is above what value? X= (Type an integer or decimal rounded to two decimal places as needed.)
The standard deviation of the scores: 2, 1, 1, 8 is O 1.71 2 2.92 O.8.5
Solve for the mean and standard deviation of the following Binomial distributions. a. n = 20 and p = 0.70 b. n = 70 and p = 0.35 c. n = 100 and p = 0.50
What would be the correct way of doing this?
Still need D , E and F
The NIH is creating a test for the Zika virus. The incidence of a Zika is low, 11 percent in the general population. There is a trial version, but it sometimes misses the disease. The probability of a false negative is 0.03. Similarly, someone who does not have Zika, will sometimes get a positive reading. The probability of this is 0.1. Fill in the tree diagram and... Answer as a decimal to 4 decimal places. D = event that someone actually has Zika %3D positive = event that a test states that a person has Zika Conditional Marginal Probabilities Joint Probabilities Probabilities 0.9700 Enter an integer or decimal number [more..] P(D and positive) P(positive | D) False 0.1100 0.0300 negative P(D) P(negative | D) P(D and negative) 0.1000 False Positive 0.8900 P(no D) P(positive | no D) P(no D and positive) 0.9000 P(negative | no D) P(no D and negative)
Answer.
Which of the following predictions can be calculated using a geometric distribution? a. the number of expeditions that will reach the top of Mount Everest this year b. the number of trucks a weigh station will inspect before finding one that is overloaded C. both of the above d. neither of the above 31 SAMSUNG DIl 9% & 5 6 7 8. y
A=36 B=09 C=09 D=36
In a Calculus test, the mean score is 42 and the standard deviation is 5. Assuming the scores are normally distributed, what percent of score is: a. Greater than 48 b. Less than 50 c. Between 30 and 48
ANSWER ALL FOR UPVOTE
Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 651. A random sample of 32 years is selected from this population. What is the probability that the mean gain for the sample was between 400 and 700? Assume o = 1540. The probability is (Round to four decimal places as needed.)

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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