![subject](/tpl/images/cats/mat.png)
Mathematics, 20.01.2021 19:50 Briza19
A life insurance company sells a term insurance policy to 21-year old males that pays $100,00 if the insured dies within the next 5 years. The probability that a randomly chosen male will die each year can be found in mortality tables. The company collects a premium, of $250 each year as payment for the insurance. The amount Y that the company earns on a randomly selected policy of this type is $250 per year, less the $100,000 that it must pay if the insured dies.
The Chart Below is the probability distribution of Y
Calculate the expected value of Y. Explain what this results means for the insurance company.
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 20:20, maxi12312345
Aline passes through (1,-5) and(-3,7) write an equation for the line in point slope form rewrite the equation in slope intercept form
Answers: 1
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 22.06.2019 00:30, wbrandi118
On ryan's last social studies test there were two types of questions true/false worth 3 points each and multiple choice questions worth 4 points each
Answers: 3
You know the right answer?
A life insurance company sells a term insurance policy to 21-year old males that pays $100,00 if the...
Questions in other subjects:
![Konu](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 21.09.2021 14:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 21.09.2021 14:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 21.09.2021 14:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 21.09.2021 14:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 21.09.2021 14:00