Insurance: An insurance company sells a 1-year term life insurance policy to an 76-year-old woman. The woman pays a premium of $3600. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 76-year-old woman will be alive 1 year later is 0.9605. Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is X P(x) 3600 X 5
Insurance: An insurance company sells a 1-year term life insurance policy to an 76-year-old woman. The woman pays a premium of $3600. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 76-year-old woman will be alive 1 year later is 0.9605. Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is X P(x) 3600 X 5
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
Related questions
Question
Transcribed Image Text:shift ↑
ctri
otop
Insurance: An insurance company sells a 1-year term life insurance policy to an 76-year-old woman. The woman pays a premium of $3600. If she dies within 1
year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 76-year-old
woman will be alive 1 year later is 0.9605. Let X be the profit made by the insurance company.
AMD AS
ocessor
tab
caps lock
Part: 0/2
Part 1 of 2
(a) Find the probability distribution.
The probability distribution is
esc
It
➜
fn
X
P(x) n
Skip Part
!
power.
ching design.
Type here to search.
"
7
n 3600
E
Stay connected
and entertained
2
Q
A
Check
#
Z
@
hp
ta
2
#
W
*
3
VILE
E
S
X
X 5
alt
$
4
R
%
DF
с
5
T
V
10
G
6
#
&
B
Y
99.
7
a
hp
H
4+
N
#3
8
Save For Later
© 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use
S A O
(
9
JUDO
J
M
Fo
>
O
KL
'
P
{
alt
[
Submit Assignment
Privacy Center Accessibility
9:23 PM
AODE 40
2/21/202
?
=
insert
L
.
1
prt sc
9
pause
ctri
M
olo
backspace
USE YOUR SMARTPHONE FOR
Reviews Videos Features
Specs Support
SCAN
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage