Author Question: A store specializing in electronics is to open in one of two malls. If the first mall is selected, ... (Read 512 times)

Metfan725 · **on:** Feb 2, 2020

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

Carissamariew · **Reply #1 on:** Feb 2, 2020

A FREE account is required to view all solutions!

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