In September 2024
Answer to Question #319372 in Statistics and Probability for Morg
Life Insurance A 39-year-old woman purchases a $300,000 term life insurance policy for an annual payment of $450. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999053Find the expected value of the policy for the insurance companyRound to two decimal places for currency problems
"EX=\\left( 450-300000 \\right) \\cdot \\left( 1-0.999053 \\right) +450\\cdot 0.999053=165.9"
-
![Help me with my assignment!]()
Who Can Help Me with My Assignment
There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
-
![How to finish assignment]()
How to Finish Assignments When You Can’t
Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
-
![Math Exams Study]()
How to Effectively Study for a Math Test
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
Comments
Leave a comment