Mathematics, 09.07.2020 01:01 mikehager4321
There is a 0.9986 probability that a randomly selected 27-year-old male lives through the year. A life insurance company charges $174 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $90 comma 000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 27-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ negative 173.76. The value corresponding to not surviving the year is $ 125.76.
Answers: 1
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There is a 0.9986 probability that a randomly selected 27-year-old male lives through the year. A li...
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