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Author Question: Find the expected value.The prizes that can be won in a sweepstakes are listed below together with ... (Read 25 times)

bio_gurl

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on: Jan 18, 2020

Question 1

Find the expected value.

A 28-year-old man pays $57 for a one-year life insurance policy with coverage of $130,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy?
◦ $129,922.00
◦ $21.00
◦ -$56.97
◦ $78.00

Question 2

Find the expected value.

The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one:
Find the expected value of the amount won for one entry if the cost of entering is 57 cents.
◦ $0.68
◦ $0.62
◦ $1.21
◦ $100.00
Statistical Reasoning for Everyday Life ¦ Bennett, Briggs, Triola ¦ 5th Edition
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Marked as best answer by bio_gurl on Jan 18, 2020

Jossy

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Reply #1 on: Jan 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bio_gurl

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Reply 2 on: Jan 18, 2020
YES! Correct, THANKS for helping me on my review

laurnthompson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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