There is a 0.9984 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $156 for insuring that the male wi live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 30-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ - 156". The value corresponding to not surviving the year is $ 79,844'". (Type integers or decimals. Do not round.) b. If the 30-year-old male purchases the policy, what is his expected value? The expected value is $ – 28.00'. (Round to the nearest cent as needed.) c. Can the insurance company expect to make a profit from many such policies? Why? because the insurance company expects to make an average profit of $ on every 30-year-old male it insures for 1 year. (Round to the nearest cent as needed.)

There is a 0.9984 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $156 for insuring that the male wi live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 30-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ - 156". The value corresponding to not surviving the year is $ 79,844'". (Type integers or decimals. Do not round.) b. If the 30-year-old male purchases the policy, what is his expected value? The expected value is $ – 28.00'. (Round to the nearest cent as needed.) c. Can the insurance company expect to make a profit from many such policies? Why? because the insurance company expects to make an average profit of $ on every 30-year-old male it insures for 1 year. (Round to the nearest cent as needed.)

Name: 5.1.29Question HelpThere is a 0.9984 probability that a randomly sele
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: 5.1.29Question HelpThere is a 0.9984 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $156 for insuring that the male willive through the year. If the male does not survive the year, the

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Consider the following chart, which shows Bitcoin values during October 1, 2020-October 1, 2021.+ Bitcoin 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 1-Oct-20 Date 1-Nov-20 13,800 Price ($) Date 29,000 19,400 Price ($) Date Marked are the following points on the chart. 1-Dec-20 ܐ 1-Jan-21 1-Feb-21 45,700 32,500 1-Oct-21 61,400 13,800 19,400 58,900 1-Mar-21 32,600 1-Apr-21 1-Jun-21 58,900 52,100 1-May-21 1-Jul-21 1-Jun-21 47,000 41,500 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21 29,000 32,500 45,700 58,900 1-Apr-21 1-May-21 1-Jul-21 1-Aug-21 1-Sep-21 32,600 52,100 58,900 41,500 47,000 43,400 43,400 1-Sep-21 61,400 1-Aug-21 1-Oct-21 Price ($) Calculate to the nearest 0.01% your annual percentage return (assuming monthly compounding) if you had bought Bitcoin on December 1, 2020 and then sold it on June 1, 2021.
Nj
Personal Earnings. Beverly is presented with four different offers, which one would you recommend her to choose for making the highest equivalent hourly rate? O a. Base monthly salary of $1,000.00 and 2.00% commission on first $120,000.00 of sale and 3.50% commission on remining sale (expected monthly sale is $250,000.00) with 40 weekly workhours O b. Base weekly salary of $250.00 and 2.50% commission on first $200,000.00 of sale and 4.00% on remaining sale (expected monthly sale is $250,000.00) with 40 weekly workhours O . Weekly salary of $2,000.00 with 40 weekly workhours O d. Monthly salary of $8,000.00 with 40 weekly workhours
There is a 0.9984 probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $159 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 31-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.)
There is a 0.9991 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $166 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 33-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.) b. If the 33-year-old male purchases the policy, what is his expected value? The expected value is $ (Round to the nearest cent as needed.) c. Can the insurance company expect to make a profit from many such policies? Why? because the insurance company expects to make an average profit of $ on every 33-year-old male it insures for 1 year. (Round to the nearest cent as needed.)
There is a 0.9986 probability that a randomly selected 27-year-old male lives through the year. A life insurance company charges $157 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 27-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $nothing. The value corresponding to not surviving the year is $nothing. (Type integers or decimals. Do not round.) b. If the 27-year-old male purchases the policy, what is his expected value? The expected value is $nothing. (Round to the nearest cent as needed.) c. Can the insurance company expect to make a profit from many such policies? Why? because the insurance company expects to make an average profit of $nothing on every 27-year-old male it…
A student is planning for the cost of their education. After accounting for scholarships, he plans to have student loans totaling P=$70,000. He looks at his loan repayment options to decide which will require him to pay back the least amount. Loan A: 10-year loan, with an annual interest rate of 8.5%. Loan B: 15-year loan, with an annual interest rate of 6.4%. Loan C: 30-year loan, with an annual interest rate of 5.3%. Each loan is paid back monthly. On which loan will he pay the least interest?
can you answer C
A paper included analysis of data from a national sample of 1,000 Americans. One question on the survey is given below. "You owe $3,000 on your credit card. You pay a minimum payment of $30 each month. At an Annual Percentage Rate of 12% (or 1% per month), how many years would it take to eliminate your credit card debt if you made no additional charges?" Answer options for this question were: (a) less than 5 years; (b) between 5 and 10 years; (c) between 10 and 15 years; (d) never—you will continue to be in debt; (e) don't know; and (f) prefer not to answer. The paper also reported that 37.1% of those in the sample chose one of the wrong answers (a, b, or c) as their response to this question. Is it reasonable to conclude that more than one-third of adult Americans would select a wrong answer to this question? Use ? = 0.05. (Round your test statistic to two decimal places and your P-value to four decimal places.) State the appropriate null and alternative hypotheses. H0: p =…