Suppose a life insurance company sells a $280,000 one-year term life insurance policy to a 22-year-old...
Suppose a life insurance company sells a $280,000 one-year term life insurance policy to a 22-year-old female for $290. The probability that the female survives the year is 0.999583. Compute and interpret the expected value of this policy to the insurance company.
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Suppose a life insurance company sells a $280,000 one-year
term life insurance policy to a 22-year-old...
Suppose a life insurance company sells a $180,000 one-year term life insurance policy to a 20-year-old...
Suppose a life insurance company sells a $180,000 one-year term life insurance policy to a 20-year-old female for $220. The probability that the female survives the year is 0.999594. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ .
Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 19-year-old...
Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999516. Compute and interpret the expected value of this policy to the insurance company. The expected value is Round to two decimal places as needed.)
Suppose a life insurance company sells a $240,000 one-year term life insurance policy to a 20-year-old female for $330....
Suppose a life insurance company sells a $240,000 one-year term life insurance policy to a 20-year-old female for $330. The probability that the female survives the year is 0.999458. Compute and interpret the expected value of this policy to the insurance company. The expected value is $|| 1. (Round to two decimal places as needed.)
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 21-year-old...
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 21-year-old female for $340. The probability that the female survives the year is 0.999561. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $339.85 on...
A life insurance company sells a $200,000 1-year life insurance policy to a 20-year-old female for...
A life insurance company sells a $200,000 1-year life insurance policy to a 20-year-old female for $300. According to the National Vital Statistic Report, the probability that the female survives the year is 0.999544. Compute and interpret the expected value of this policy to the insurance company.
A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year old male...
A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year old male for $350. The probability this person survives the year is 0.98734. Compute the expected value of this policy to the insurance company to the nearest 0.01.
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old...
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999554, Compute and interpret the expected value of this policy to the insurance company The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $153.10 on...
Question 8 (10 points) A term life insurance policy will pay a beneficiary a certain sum...
Question 8 (10 points) A term life insurance policy will pay a beneficiary a certain sum of money upon the death of the policy holder. These policies have premiums that must be paid annually. Suppose a life insurance company sells a $230,000 one year term life insurance policy to a 49-year-old female for $527. According to the National Vital Statistics Report, Vol. 47, No. 28, the probability the female will survive the year is 0.99791. Compute the expected value of...
I'm asking about part B of the question Q517 points) a) A life insurance company sells...
I'm asking about part B of the question
Q517 points) a) A life insurance company sells a $250,000 1-year term life insurance policy to a 20- year-old male for $370. According to the National vital statistics Report, 56(9), the probability that the male survives the year is.998734. Compute and interpret the expected value of this policy to the insurance company. b) (3 points) A surprise quiz consists of a true/false question followed by a multiple choice question with four possible...
A 55-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $456....
A 55-year-old woman purchases a $100,000 term life insurance policy for an annual payment of $456. Based on a life table from the U.S. government, the probability that she will survive the year is 0.9962. Find the expected value of the policy for the insurance company for one year.
Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999516. Compute and interpret the expected value of this policy to the insurance company. The expected value is Round to two decimal places as needed.)
Suppose a life insurance company sells a $240,000 one-year term life insurance policy to a 20-year-old female for $330. The probability that the female survives the year is 0.999458. Compute and interpret the expected value of this policy to the insurance company. The expected value is $|| 1. (Round to two decimal places as needed.)
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 21-year-old female for $340. The probability that the female survives the year is 0.999561. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $339.85 on...
A life insurance company sells a $200,000 1-year life insurance policy to a 20-year-old female for $300. According to the National Vital Statistic Report, the probability that the female survives the year is 0.999544. Compute and interpret the expected value of this policy to the insurance company.
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999554, Compute and interpret the expected value of this policy to the insurance company The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $153.10 on...
Question 8 (10 points) A term life insurance policy will pay a beneficiary a certain sum of money upon the death of the policy holder. These policies have premiums that must be paid annually. Suppose a life insurance company sells a $230,000 one year term life insurance policy to a 49-year-old female for $527. According to the National Vital Statistics Report, Vol. 47, No. 28, the probability the female will survive the year is 0.99791. Compute the expected value of...
I'm asking about part B of the question
Q517 points) a) A life insurance company sells a $250,000 1-year term life insurance policy to a 20- year-old male for $370. According to the National vital statistics Report, 56(9), the probability that the male survives the year is.998734. Compute and interpret the expected value of this policy to the insurance company. b) (3 points) A surprise quiz consists of a true/false question followed by a multiple choice question with four possible...
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