There is a 0.9984 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $199 for insuring that the male will live through the year. If the male does not survive the year, thepolicy pays out $110,000 as a death benefit. Complete parts (a) through (c) below.a. From the perspective of the 33-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving?The value corresponding to surviving the year is S 190The value corresponding to not surviving the year is S 109810(Type integers or decimals. Do not round.)

a. From the perspective of the 33-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is S190 The value corresponding to not surviving the year is S109810 Type integers or decimals. Do not round.)

a. From the perspective of the 33-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is S190 The value corresponding to not surviving the year is S109810 Type integers or decimals. Do not round.)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter2: Equations And Inequalities

Section2.1: Equations

Problem 70E

See similar textbooks

Related questions

Q: 1. On the basis of her experience with clients, a clinical psychologist thinks that depression may a...

A: According to Bartleby guildlines we have to solve first question and rest can be reposted... Given t...

Q: Define continuous variation

A: Let CV denote Continuous Variation.

Q: Use the central limit theorem to find the mean and standard error of the mean of the indicated sampl...

Q: Assume the random variable x is normally distributed with mean u= 82 and standard deviation o =4. Fi...

A: The random variable X follows normal distribution. The population mean is 82. The population standar...

Q: of 1 For the following situation, find the mean and standard deviation of the population. List all s...

Q: The probability that a student passes Math is 2/3, and the probability that he passes English is 4/9...

A: Let M=a student passes MathE=a student passes EnglishP(M)=23P(E)=49P(M∪E)=45

Q: In 2013, 46% of high school students tried a tobacco product. From a survey of 500 randomly selecte...

A: Given : Population proportion =46% n=500

Q: c) Test whether the model as a whole is significant or not, applying a systematic procedure, for the...

A: Coefficient of Determination (R2) : The coefficient of ...

Q: IExample.19-31. By consjdering the limit of three points, Lagrange's interpolation formula for argum...

Q: Problem 6: Use following Mega-Stat Output to solve this problem Binomial distribution ...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: Determine the system reliability if the three units function independently. froblem : A system a, b ...

Q: Statistically significant findings in ANOVA are found when the observed D-ratio does not exceed the ...

A: The ANOVA related to F- test, and it uses to find the statistically significant difference between t...

Q: Use the spinner below. 12 1 11 10 3 4 5 7 6 P(3 or 8) = %3D %3D 00

Q: Obtain the area under the standard normal curve: Round to 4 decimal places A) to the right of z = 1....

A: Solution-: We find, (A) P(Z>1.43)=? (B) P(Z<-1.65)=?

Q: Following are the number of mobile devices used in 20 households. [9, 8, 10, 4, 13, 13, 11, 4, 9, 6,...

Q: 1. On the basis of her experience with clients, a clinical psychologist thinks that depression may a...

A: The number of hours of sleep is recorded for depressed and normal patients as: Depressed Patients...

Q: An entomologist counted the number of eggs laid by female moths on successive days in three strains ...

A: Given that, USDA-Group1- 448,906,28,277,634,48,369,137,29,522,319,242,261,566,734 Field-Group2- 211,...

Q: the random variable X denotes the real valued outcomes given in the following table with the given f...

A: Given that : Outcome -2 -1 0 1 2 Frequency 22 29 18 12 20 P(X) the random variable X den...

Q: You perform a Mann-Whitney U test to compare body weight in samples of men and women, and the result...

A: Given : You perform a Mann-Whitney U test to compare body weight in samples of men and women, and th...

Q: Hospital records show that of patients suffering from a certain disease, 35% die of it. What is the ...

Q: 4. An experiment is carried out to investigate how well 100 nanoparticles disperse uniformly, when i...

Q: A few years ago, a country consumed 19,300,000 barrels of oil per day. That same year, there were ab...

A: Given: Barrels of oil consumed by country per day approximately is 19,000,000 Number of households i...

Q: The number of customers arriving per hour at a certain automobile service facility is assumed to fol...

Q: b. Compute the median waiting time. Answer in exact fraction, or rounded to at least 4 decimal place...

A: Class Frequency 0 - 20 25 20 - 40 72 40 - 60 13 60 - 80 a 80 - 100 8 100 - 120 5 ...

Q: 2. An educator wants to determine whether early exposure school will affect IQ. He enlists the aid o...

A: Given that, the aid of the parents of 12 pairs of pre-school-age identical twins who agree to let th...

Q: The prime Minister of a small Caribbean Island stated that 95% of the population was vaccinated from...

A: According our policy we can answer only first question for remaining please repost the question.

Q: Use the sample Information i= 37, 0 = 5, n=15 to calculate the followIng confidence Intervals for u ...

Q: From the values of the factors given below, find thẹ corrected values of the first four Moments abou...

A: Moments are used to represent the probability mass function of data distribution. The first moment o...

Q: The plasticity of a polyethylene is affected by the concentration of a solution. When low concentrat...

A: Introduction: Denote Xhigh, Xlow as the plasticity of a randomly selected polyethylene, when a low a...

Q: The mean height of women in a country (ages 20 – 29) is 64.3 inches. A random sample of 70 women in ...

A: 1) mean = = 64.3 standard deviation = = 2.62 n = 70 = = 64.3 and = / n = 2.62 / 70 = 0.3132 ...

Q: Minute Arrivals 1 0 2 2 3 0 4 0 5 2 6 1 7 0 8 2 9 1 10 1 11 3 12 0 13 0 14 0 15 2 16 2 17 0 18 0 19 ...

A: In the given problem we have to calculate the chi-square test statistic, degrees of freedom, p value...

Q: A large industrial explosion occurred near a densely populated region in a major city. The resulting...

A: It is given that after a fire accident, to test the level of chemical X in surrounding people, a sam...

Q: For a moderately skewed distribution of supply of Product A, arithmetic mean is 100, and coefficient...

Q: SAMPLING AND SAMPLING DISTRIBUTION Let's reinforce! Directions: Construct the sampling distribution ...

A: It is given that from the numbers 3, 4, 7, 9 and 12, a sample of size 3 is taken.

Q: The mean percent of childhood asthma prevalence in 43 cities is 2.42%. A random sample of 33 of thes...

A: Given that Mean percent of childhood ashthma prevalence =2.42% =0.0242 Sample ...

Q: Problem : Calculate the reliability of the system as shown : b 0.8 0.9 a f Input Output 0.9 0.93 d e...

Q: The following plot shows the average estimates for 100 regressors (represented along the horizontal ...

A: Plot of OLS: From the given average estimates for 100 regressor plot of 'OLS', we see that the co...

Q: Large χ2 values are sometimes obtained in situations where the null hypothesis is true. Explain why...

A: Please find the explanation below. Thank you

Q: The following data provides information on the salary distribution of 50 employees of a cattle farm ...

A: Class Frequency (f) Mid value (x) f⋅x cf 10000-20000 12 15000 180000 12 20000-30000 17 2500...

Q: 1. On the basis of her experience with clients, a clinical psychologist thinks that depression may a...

Q: a random sample of data from a local computer shop. The analyst collected information from 7 randoml...

A: Given: sample size, n = 7 variable Sales: 250,364,120,105,85,65,65 variable Adv: 48,56,35,32,18,4,27...

Q: Seth places a 10-foot ladder against his house to reach a window that is 8 feet high. Use the follow...

A: Given that, one leg triangle is 8 feet long and the hypotenuse is 10 feet long. We need to find th...

Q: c) A sample of 20 observations was divided into two equal sets after arranging for the independent v...

A: Goldfeld Quandt Test : In regression analysis, the Goldfeld–Quandt test is used to check for homosce...

Q: Show solution. ASAP. Thanks! In any data set, what percent of data lies within & standard deviation...

A: In any data set, what percent of data lies within & 8 standard deviations of the mean? (A) 98.2%...

Q: Task: Find the true value of p. (Please don't give me the answer to the problem, I only need the tru...

A: We have given that Sample size n=319 Favorable cases x=43 Sample proportion p^=x/n =0.1348

Q: 1 and P(B/A) 4 1 Examine the Consider two events A and B such that P(A) = ÷, P(A/B) = following stat...

Q: City Population Land Area Density (people per km?) (km²) New York 8 550 405 783.8 Shanghai 24 256 80...

Q: Problem : If a system should have a reliability of 988 percent, how many components are to be in par...

Q: 55 and o = 7: Determine the area under a normal distribution curve with u Round to 4 decimal places....

Q: For the following situation, find the mean and standard deviation of the population. List all sample...

A: Possible five population units are, 508, 634, 545, 611, 577. The possible sample of size 2 are, ...

Question

There is a 0.9984 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $199 for insuring that the male will live through the year. If the male does not survive the year, the
policy pays out $110,000 as a death benefit. Complete parts (a) through (c) below.
a. From the perspective of the 33-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving?
The value corresponding to surviving the year is S 190
The value corresponding to not surviving the year is S 109810
(Type integers or decimals. Do not round.)

Expert Solution

Step 1

There is a 0.9984 probability that a randomly selected 33-year-old male lives through the year.

A life insurance company charges $199 for insuring that the male will live through the year If the male does not survive the year, the policy pays out $110,000 as a death benefit.