Suppose a life insurance company sells a ​$190,000 ​one-year term life insurance policy to a 19​-year-old female for ​$290. The probability that the female survives the year is 0.999563. Compute and interpret the expected value of this policy to the insurance company.
Answer:
The expected value of this policy to the insurance company is $206.97
Step-by-step explanation:
Probability that Person doesn't die = 0.999563. Profit = Revenue - Cost; Profit = $290 - 0 = $290
Probability that Person dies = 1 - 0.999563 = 0.000437. Profit = Revenue - Cost; Profit = $290 - $190,000 = -$189,710
Expected Value E(X) = ∑xp(x)
E(X) = $290*(0.999563) + (-$189,710* 0.000437)
E(X) = $289.87327 - $82.90327
E(X) = $206.97
Thus, the expected value of this policy to the insurance company is $206.97
What are the solutions to the quadratic equation 4(x + 2)2 = 36 x = −11 and x = 7 x = −7 and x = 11 x = −5 and x = 1 x = −1 and x = 5
Answer:
c
Step-by-step explanation:
edge2020
The solutions to the quadratic equation 4(x + 2)² = 36 is x = -5 and x = 1.
Hence, option c) x = -5 and x = 1 is the correct answer.
What is a Quadratic Equation?
Quadratic equation is simply an algebraic expression of the second degree in x. Quadratic equation in its standard form is;
ax² + bx + c = 0
Where x is the unknown
To solve for x, we use the quadratic formula
x = (-b±√(b² - 4ac)) / (2a)
Given that;
4(x + 2)² = 36
4( x(x + 2) + 2(x+2) ) = 36
4( x² + 2x + 2x + 4 ) = 36
4( x² + 4x + 4 ) = 36
4x² + 16x + 16 = 36
4x² + 16x + 16 - 36 = 0
4x² + 16x - 20 = 0
We can further simply ( divide through by 4 )
x² + 4x - 5 = 0
Hence,
a = 1b = 4c = -5x = (-b±√(b² - 4ac)) / (2a)
x = (-4±√(4² - (4 × 1 × -5)) / (2×1)
x = (-4±√(16 - (-20)) / (2)
x = (-4±√(16 + 20)) / (2)
x = (-4±√(36)) / 2
x = (-4±6)) / 2
Hence
x = (-4-6)) / 2 and x = (-4+6)) / 2
x = -10/2 and x = 2/2
x = -5 and x = 1
The solutions to the quadratic equation 4(x + 2)² = 36 is x = -5 and x = 1.
Hence, option c) x = -5 and x = 1 is the correct answer.
Learn more about quadratic equations here: brainly.com/question/1863222
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The product of two numbers is 16/3 if one of the number is 48/5 what is the other one?
Answer:
The other number is 5/9.
Step-by-step explanation:
16/3 = 48/5 * x
x = 5/9
n/4 + 1 =5 how do I solve this and show my work
Answer:
n/4 + 1 =5
n/4 = 5-1
n/4 = 4
n = 4*4
n = 16
Answer:
So do this,
Step-by-step explanation:
stand up and go ask your mom!
Look at image which graph shows T (ABC)?
Answer:
A.
Step-by-step explanation:
That is a translation of 3 units left and 6 units down.
Rewrite the expression in the form b^n
Answer:
b 15/4
Step-by-step explanation:
6. What is the equation in slope-intercept form for the graph shown?
A) y + x = −2
B) y = 2x + 1
C) y – 2x = 1
D) y = –2x + 1
Amaia purchased two blouses and a skirt for a total of $32. The sales tax rate is 8%. How much total sales tax will Amaia pay on these items?
Answer:
2.56
Step-by-step explanation:
8% of 32 is 2.56
Graph this line using the slope and y-intercept:
Y= 1/8X + 4
Click to select points on the graph.
10
9
8
o
6
5
4
3
2
1
0
1
2
3
4
5
6
7
8
9
10
Submit
Answer:
98765432123459 that is te answer
Step-by-step explanation:
Graph the linear equation 4x+9y=36 solving for y
Answer:
y=4-4/9x x=9-9/4y
Step-by-step explanation:
jyEahahhhhh
a duck swam 10.5 kilometers in 3 hours. how many kilometers per hour did the duck swim
Answer:
3.5 km
Step-by-step explanation:
its 10.5 divided by 3 to get this answer
plz give me brainliest i need it plz
Moses is solving the problem below.
A box of spaghetti at the grocery store is purchased for $1.60 wholesale and is marked up by 60 percent. Then, the store marks down the item by 20 percent. A customer wants to buy three boxes of spaghetti. How much will the customer pay, including paying 8 percent sales tax? Round your answer to the nearest cent.
Look at the table below.
Steps
Moses’s work
Step 1
1 dollar and 60 cents (1.6) = 2 dollars and 56 cents
Step 2
2 dollars and 56 cents (0.80) = 2 dollars and 5 cents
Step 3
2 dollars and 5 cents (3) = 8 dollars and 20 cents
Step 4
8 dollars and 20 cents (1.08) = 8 dollars and 86 cents
In which step did Moses first make a mistake in his work?
Step 1
Step 2
Step 3
Step 4
Answer:
2.21184 or 2.212
Step-by-step explanation:
step 1: 1 dollar and 60 cents (1.6) = 2 dollars and 56 cents is false
Answer:
Step 3
Step-by-step explanation:
I took a quiz and got it right
Does f(x)=|x|+5 go up or down
Answer:
up
Step-by-step explanation:
postive, up!
Answer:
..........UP..........
If an initial amount A0 of money is invested at an interest rate i compounded times a year, the value of the investment after t years is If we let n = 8, that is referred to as the continuous compounding of interest. Use L' Hospital's Rule to show that if interest is compounded continuously, then the amount after years is A=A0eit
Answer:
Following are the solution to the given point:
Step-by-step explanation:
Please find the comp[lete question in the attached file.
Given:
[tex]\bold{ \lim_{n \to \ \infty} (1+ \frac{r}{n})^{nt} =e^{rt}}[/tex]
In point 1:
[tex]\to y = (1+ \frac{r}{n})^{nt}[/tex]
In point 2:
[tex]\to \ln (y)= nt \ln(1+ \frac{r}{n})[/tex]
In point 3:
Its key thing to understand, which would be that you consider the limit n to[tex]\infty[/tex], in which r and t were constants!
[tex]=lim_{n \to \ \infty} \ln (y) = lim_{n \to \ \infty} nt \ln(1+\frac{r}{n})\\\\= lim_{n \to \ \infty} \frac{\ln(1+\frac{r}{n})}{\frac{1}{nt}}\\\\= lim_{n \to \ \infty} \frac{\frac{-r}{\frac{n^2}{(1+\frac{r}{n})}}}{- \frac{1}{n^2t}}\\\\= lim_{n \to \ \infty} \frac{\frac{rn^2t}{n^2}}{(1+\frac{r}{n})}\\\\= lim_{n \to \ \infty} \frac{rt}{(1+\frac{r}{n})}\\\\= \frac{rt}{(1+\frac{r}{0})}\\\\=rt[/tex]
In point 4:
[tex]\to \lim_{n \to \ \infty} = (1+\frac{r}{n})^{nt}[/tex] and
[tex]\to \lim_{n \to \ \infty} = A_0e^{rt}[/tex]
For all numbers x, f(x) = 3x + 3. What is the value of
f(3)?
graph 3x-2y=6 how do you graph this in algebra
Answer:
I don't have algebra but I suggest looking it up and it might show you at the very top.
Step-by-step explanation:
Hope this helps you:)
what is 0.44×(−534) ??
Answer:
−234.96
Step-by-step explanation:
Hope its the right answer that you're looking for :)
1. Write an expression for 8 less than 2
times a number.
Answer:
8<2x
Step-by-step explanation:
Answer:
8<2x
Step-by-step explanation:
I hope this helped! :D
A snowboard shop charges $10, plus an additional #3 per hour to rent a snowboard. Write the equation for the line in slope-intercept form.
HURRY HELP PLS!!
Answer:
y = 3x + 10
Step-by-step explanation:
Answer:
im pretty sure it is (0,5) or (10,0)
Step-by-step explanation:
Find the minimum sample size you should use to assure that your estimate of pÌ will be within the required margin of error around the population p. Assume the Margin of error is 0.08 with a confidence level of 95%. From a prior study, pÌ is estimated to be 0.2.
Answer:
The minimum sample size required is 97.
Step-by-step explanation:
The (1 - α)% confidence interval for the population proportion is:
[tex]CI=\hat p\pm z_{\alpha/2}\cdot\sqrt{\frac{\hat p(1-\hat p)}{n}}[/tex]
The margin of error for this confidence interval is:
[tex]MOE=z_{\alpha/2}\cdot\sqrt{\frac{\hat p(1-\hat p)}{n}}[/tex]
The information provided is:
[tex]\hat p=0.20\\MOE=0.08\\\text{Confidence level}=95\%[/tex]
The critical value of z for 95% confidence level is, z = 1.96.
Compute the minimum sample size required as follows:
[tex]MOE=z_{\alpha/2}\cdot\sqrt{\frac{\hat p(1-\hat p)}{n}}[/tex]
[tex]n=[\frac{z_{\alpha/2}\cdot\sqrt{\hat p(1-\hat p)}}{MOE}]^{2}\\\\=[\frac{1.96\times \sqrt{0.20(1-0.20)}}{0.08}]^{2}\\\\=96.04\\\\\approx 97[/tex]
Thus, the minimum sample size required is 97.
Which statement describes the expression 9(8 + 25)?
1.9 times the quantity 8 times 25
2.9 times the quantity 8 plus 25
3. 25 more than 9 times s
4.25 more tha 9 plus s
Answer:
2
Step-by-step explanation:
ez any thing else just hit me up of so
-2(b+5)= -6
What is b?
Answer:
-2
Step-by-step explanation:
It would be =
-2(-2 + 5) = -6
4 - 10 = -6
-10 and a positive four is a -6
Please help me I need help?!!!
Answer:
B
Step-by-step explanation:
is 4.23x10^-5 greater than 1 or less than 1? explain how you know
Answer: Less than 1
Step-by-step explanation: 4.23 x 10^-5 simply translated to 0.0000423
which is less than 1.
Answer:
less than 1
Step-by-step explanation:
4.23 * 10^5 is less than 1
Simplify 3x ^ 2 - 4 +2x -1 + x^ 2 then evaluate for x = - 1
Step-by-step explanation:
4x^2+2x-5
4(-1)^2+2(-1)-5
4-2-5
2-5= -3
Solve: 2x + 15 = -3x
Please help me out! I need to solve for X
Answer:
X=-3
Step-by-step explanation:
2x+15=-3x
15=-5x
x=15/-5
x=-3
Answer:
x = -3
Step-by-step explanation:
2x + 15 = -3x
15 = -5x
x = -3
3. From the table below, find Prof. Xin expected value of lateness. (5 points) Lateness P(Lateness) On Time 4/5 1 Hour Late 1/10 2 Hours Late 1/20 3 Hours Late 1/20
Answer:
The expected value of lateness [tex]\frac{7}{20}[/tex] hours.
Step-by-step explanation:
The probability distribution of lateness is as follows:
Lateness P (Lateness)
On Time 4/5
1 Hour Late 1/10
2 Hours Late 1/20
3 Hours Late 1/20
The formula of expected value of a random variable is:
[tex]E(X)=\sum x\cdot P(X=x)[/tex]
Compute the expected value of lateness as follows:
[tex]E(X)=\sum x\cdot P(X=x)[/tex]
[tex]=(0\times \frac{4}{5})+(1\times \frac{1}{10})+(2\times \frac{1}{20})+(3\times \frac{1}{20})\\\\=0+\frac{1}{10}+\frac{1}{10}+\frac{3}{20}\\\\=\frac{2+2+3}{20}\\\\=\frac{7}{20}[/tex]
Thus, the expected value of lateness [tex]\frac{7}{20}[/tex] hours.
An expected value is the theoretical mean value of a numerical experiment over many repetitions of the experiment.
Expected value of lateness is [tex]\frac{7}{20}[/tex] hours.
Let us consider, P(x) is represent that probability of lateness and x represent number of hours late.
So, below a table is formed.
x 0 1 2 3
P(x) 4/5 1/10 1/20 1/20
From formula of expected value,
E(x) = ∑ x P(x)
[tex]E(x)=(0*\frac{4}{5} )+(1*\frac{1}{10} )+(2*\frac{1}{20} )+(3*\frac{1}{20} )\\\\E(x)=0+\frac{1}{10}+\frac{1}{10}+\frac{3}{20} \\\\E(x)=\frac{7}{20}[/tex]
So, expected value of lateness is 7/20 hours.
Learn more:
https://brainly.com/question/23286309
Tristan and two of his friends purchased tickets to a school play. Tristan paid for all the tickets with a $50.00 bill and received $23.00 in change. If Tristan used a coupon for 25% off, what was the original price for one ticket?
-$6.75
-$9.00
-$12.00
-$27.00
Answer: 27.00
Step-by-step explanation:
$50 - $23 = $27
Answer:
$27.00
Step-by-step explanation:
"D"
What is the polynomial of least degree with the given zeroes -2 and 4?
Answer:
-2
Step-by-step explanation:
base on my stuck knowledge
2(5x−2)− 2x -2 =34
Solve for x