There is a 0.9985 probability that a randomly selected 33 year old male lives through the year. A life insurance company charges $155 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. From the perspective of the 33 year old male, what are the monetary values corresponding

Q: Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a cash prize of…

A: We have given, Tickets for a drawing are sold for $60 each. The holder of the winning ticket wins a…

Q: Find the expected gain or loss per ticket for a raffle with a grand prize of $1,000. A total of 100…

A: Given data: Total tickets = 100 Tickets sold price = $20 Grand price  = $1000 To find: Expected gain…

Q: An online gambling site offers a first prize of $45,000 and two second prizes of $10,000 each for…

A: Solution-: An online gambling site offers a first prize of $45,000 and two second prizes of $10,000…

Q: Jeri is listening to the songs on a new CD in random order.  She will listen to two different songs,…

A:

Q: A local organization sells 10,000 lottery tickets for $1 each. Prizes are awarded by a random…

A: Given, A organization sells 10,000 lottery tickets for $1 each. First price earn $300, Second win…

Q: If a+b+c is equal to 22, what is the probability that a is less than b, and b is less than c?a, b,…

A: If the sum of the three Natural numbers a, b and c is n, then the total number of combinations of…

Q: Suppose a local charity decides to raise money by raffling a quilt worth $300, a dinner for two…

A: Expected value: The expected value of a random variable is the sum of the possible values that the…

Q: A charity organization is holding a raffle. Each ticket costs $14. One winner will win $1500, two…

A:

Q: If the famous insurance company, Brendan's of Jacksonville, insures a $3 million Monet painting for…

A: In the given case there are two possibilities The claim will arrive if painting gets stolen and the…

Q: You are playing a game with a friend. Your friend says he will pay you $5 for each 3 you roll on a…

A:

Q: According to a survey of American households, the probability that the residents own 2 cars if…

A: According to the provided data,

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $990, the second ticket drawn wins $465,…

A: The objective of this question is to calculate the expected earning on a raffle ticket. The expected…

Q: Charlie fills out six applications. What is the probability that none of the companies calls her for…

A: here given 28% chance of getting job interview if she fills out an application p =.28 q = 1-p = 0.72…

Q: On new years eve, the probability of a person driving while intoxicated is 32% the probability of a…

A: The probability of a person driving while intoxicated P(A)=0.32 The probability of a person having a…

Q: There would be an expected (Type an integer or a decimal.) of dollars.

A: Amount invested in bonds =$13000  Given the probabilit distribution of the gain or loose To…

Q: uppose you play a game of chance where you roll a pair of dice. You pay a nonrefundable $2 to play…

A: If the number of pips on both dice is even, you win $6.  Otherwise you win nothing

Q: As a fringe benefit, Dennis Taylor receives a $50,000 life insurance policy from his employer. The…

A: Given that  Dennis Taylor receives a $50,000 life insurance policy from his employer. And, the…

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $912, the second ticket drawn wins $481,…

A:

Q: You are playing a game of chance in which four cards are drawn from a standard deck of 52 cards. You…

A:

Q: A customer pays  $272.45  for 3-year protection plan for their laptop.  If anything happen to the…

A:

Q: Jim likes to day-trade on the Internet. On a good day, he averages a $1400 gain. On a bad day, he…

A: On a good day, Jim averages a $1400 gain. On a bad day, Jim averages a $700 loss.Percentage of time…

Q: A man wishes to purchase a life insurance policy that will pay the beneficiary $25,000 in the event…

A: It is given that he will live another year is 0.92 and the amount of gain is 25,000.

Q: Suppose you commit a crime. The way the judge is going to set your sentence is by pulling a number…

A: There are ten 1-year sentences, five 2-year sentences and one 20-year sentences in the hat. There…

Q: You pay $20 to enter a raffle.  The first ticket drawn wins $964, the second ticket drawn wins $522,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: You have $69,000. You put 16% of your money in a stock with an expected return of 14%, 35,000 in a…

A: Amount invested in 1st stock is given by =16% of 69,000=16100×69,000=11,040 Expected Returns on this…

Q: expected payback for a person who buys one ticket in the raffle.

A: Suppose a local symphony decides to raise money by raffling an HD television worth 500$, a dinner…

Q: Jeannie took a week's vacation from school and never made up the work. She is guessing answers on a…

A: If each trial has only two possible outcomes, that is, success and failure, the probabilities of…

Q: The chance of winning a lottery game is 1 in approximately 22 million. Suppose you buy a​ $1 lottery…

A: P(win game) = 122 Million = 122000000 winning amount = 6 million $ = 6000000 ticket prize $1 P(lose…

Q: Suppose you pay $5 to roll a fair dice. If the top face shows an odd number, you win $0 but if it…

A: Cost of rolling a fair dice=5 Amount you win if odd number shows=0 Amount you win if even number…

Q: The​ (hypothetical) table below shows the relationship between the number of hours students work at​…

A: Answer:- From the above information,  Number of students who graduates in over 6​ years and works…