2. If an insurance company issues a $200,000 five-year policy on a man whose probability of living for another five years is .994, what is the minimum that the expected cost to the company for this policy?

A company is considering introducing a new product, which will require buying new equipment for a fixed monthly payment of $5,000. The product can be sold for $20.00 each. Irvin incurs a variable cost of $10.00 per unit. The company intends to sell 100 units of the new product next month and they would like to realize a monthly profit of $5000. The company will realize the expected profit at the current selling price.   True or False

Please do the following questions with full handwritten working out

There is a 0.9984 probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $159 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 31-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 $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.)

5. Martina's employer offers anannual pension benefit calculated by multiplying 2.35% of the career average salary times the number of years employed. Here are Martina's annual salaries over the last 24 years of employment. 28,800 29,300 30,250 31,000 35,500 42,000 45,000 50,000 28,800 29,900 30,350 35,000 35,700 43,000 48,000 52,000 29,210 29,900 30,450 35,000 38,000 43,900 48,800 52,000 a. What is Martina's career average salary? b. What is Martina's annual pension under this plan? c. What percentage of her final annual salary will her annual retirement salary be to the nearest percent? d. What is Martina's monthly pension benefit to the nearest penny?

There is a 0.9991 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $166 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 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 $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.) b. If the 33-year-old male purchases the policy, what is his expected value? The expected value is $ (Round to the nearest cent as needed.) c. Can the insurance company expect to make a profit from many such policies? Why? because the insurance company expects to make an average profit of $ on every 33-year-old male it insures for 1 year. (Round to the nearest cent as needed.)

Suppose that on January 1 you have a balance of $4700 on a credit card whose APR is 18%, which you want to pay off in 4 years. Assume that you have no additional charges after Jan 1st. a. The monthly payment is? b. The total paid since Jan 1 is c. percentage of total paid that is interest is?

5. Vincent had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.2%. 9 days @ $778.12 8 days @ $1,876.00 4 days @ $2,112.50 10 days @ $1,544.31

There is a 0.9986 probability that a randomly selected 27​-year-old male lives through the year. A life insurance company charges ​$157 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$80,000 as a death benefit. Complete parts​ (a) through​ (c) below. a. From the perspective of the 27​-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​ surviving?   The value corresponding to surviving the year is ​$nothing. The value corresponding to not surviving the year is ​$nothing. ​(Type integers or decimals. Do not​ round.) b. If the 27​-year-old male purchases the​ policy, what is his expected​ value?   The expected value is ​$nothing. ​(Round to the nearest cent as​ needed.) c. Can the insurance company expect to make a profit from many such​ policies? Why?  because the insurance company expects to make an average profit of ​$nothing on every 27-year-old male it…

There is a 0.9987 probability that a randomly selected 32-year-old male lives through the year. A life insurance company charges $197 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit Complete parts (a) through (c) below. a. From the perspective of the 32-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 The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.)