This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: People in a certain group have a 0.3 chance of dying this year. If a person in this group buys a ... (Read 58 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
People in a certain group have a 0.3 chance of dying this year. If a person in this group buys a life insurance policy for 3,300 that pays 1,000,000 to her family if she dies this year and 0 otherwise, what is the expected value of a policy to the insurance company?
 
  A) 0
  B) 300
  C) 3,000
  D) 3,300

Question 2

If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance company believes that the probability of someone in that age bracket dying this year would be
 
  A) 0.
  B) .001.
  C) .0001.
  D) 1,000.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chevyboi1976

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
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.
Answer Preview
Only 58% of students answer this correctly


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Jul 1, 2018
Wow, this really help

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
The visual field as seen by a person with (a) glaucoma, (b) macular degeneration, and (c) cataracts. The visual field as seen by a person with (a) glaucoma, (b) macular degeneration, and (c) cataracts.
Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care
Earthquakes Don’t Kill People—Collapsing Buildings Do Earthquakes Don’t Kill People—Collapsing Buildings Do
Comparison of group II self-splicing introns and the spliceosome Comparison of group II self-splicing introns and the spliceosome
U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ... U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ...
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library