A28 year old man pays $181 for a one year life insurance policy with civerage of $150,000. if the probability that he will leive through a year is .9994, what is the expected value for the insurance policy?

The company earns $91 through the year.

Step-by-step explanation:

We are given the following information in the question:

Here, the insurance premium paid is $181.

The probability of survival = 0.9994.

The probability of death = 1 - Probability of survival = 1 - 0.9994 = 0.0006

Thus, we can write,

The company earns $181 with probability 0.9994 and pays out ($150000-$181) = $149,819 with probability .006.

The expected value of the policy or the expected earning for the company can be calculated in the following manner:

Thus, the company earns $91 through the year.

from the figure we get,

the x axis shows   the months and,

the y-axis shows the number of satisfied customer.

each line or each cell in upward direction (y-axis) shows 500.

the appropriate scale for the y - axis is: -

a = 2000 customers

b = 4000 customers

c = 6000 customers

d = 8000 customers

e = 10000 customers

f = 12000 customers

g = 14000 customers

y = 5x + 17

step-by-step explanation:

a perpendicular line will be the opposite reciprocal slope of the given equation.   the slope given is -1/5 so the opposite reciprocal is 5

find b:

7 = 5 (-2) + b

7 = -10 + b

17 = b

write equation

y = 5x + 17