This topic contains a solution. Click here to go to the answer

Author Question: A store specializing in electronics is to open in one of two malls. If the first mall is selected, ... (Read 219 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552

Question 1

A 25 year old can purchase a one-year life insurance policy for $10,000 at a cost of $100.  Past history indicates that the probability of a person dying at age 25 is 0.0015.  Determine the company's expected gain per policy.
◦ 85
◦ 15
◦ 985
◦ 115

Question 2

A store specializing in electronics is to open in one of two malls. If the first mall is selected, the store anticipates a yearly profit of if successful and a yearly loss of 70,000 otherwise.  The probability of success is .  If the second mall is selected, it is estimated that the yearly profit will be if successful; otherwise, the annual loss will be . The probability of success at the second mall is . What is the expected profit at each of the two malls?
◦ first mall: $172,500; second mall: $87,500
◦ first mall: $155,000; second mall: $87,500
◦ first mall: $172,500; second mall: $135,000
◦ first mall: $155,000; second mall: $135,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Metfan725 on Feb 2, 2020

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
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 25% of students answer this correctly




Metfan725

  • Member
  • Posts: 552
Reply 2 on: Feb 2, 2020
Great answer, keep it coming :)


rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library