Question

QUESTION 19 Solve the problem. An insurance company has written 89 policies of $50,000, 485 of $25,000, and 905 of $10,000 on people of age 20. If the probability that a person will die at age 20 is 0.001. how much can the company expect to pay during the year the policies were wrtten? $0 $2563 $256,250 $25,625 QUESTION 20 Solve the problem. Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3.00 for rolling 6 or 5. What are your expected winnings? $3.00 $1.00 C-$2.00 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Ans

Answer 1

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