Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old woman. The woman pays a premium of $4200. If she dies within 1 year, the company will pay $76,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 81-year-old woman will be alive 1 year later is 0.9457. 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 0 4200 P(x) □ n X 5

File Edit View History O Part: 0/2 Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old man. The man pays a premium of $3900. If he dies within 1 year, the company will pay $62,000 to his beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 81-year-old man will be alive 1 year later is 0.9381. Let X be the profit made by the insurance company. Part 1 of 2 (a) Find the probability distribution. The probability distribution is x P(x) Skip Part Bookmarks Window 308 10 3900 Check Answer Help 80 www-awu.connectmath.com Q ! al K ✪ Save For Later E₂ 2 Submit Assignment © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center A m olo D 1 o

An insurance company sells a $20,000, seven-year term life insurance policy to an individual for $1,700. Find the expected return for the company if the probability the individual will live for the next seven years is 0.92. (Round your answer to the nearest cent.)$

Insurance: An insurance company sells a 1-year term life insurance policy to an 79-year-old woman. The woman pays a premium of $1800. If she dies within 1 year, the company will pay $39,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 79-year-old woman will be alive 1 year later is 0.9561. Let X be the profit made by the insurance company. Part 1 of 2 (a) Find the probability distribution. The probability distribution is X -37200 1800 P(x) 0.0439 0.9561 Alternate Answer: X P(x) Part: 1 / 2 Part 2 of 2 - 37,200 1800 0.0439 0.9561 (b) Find the expected value of the profit. Expected value of the profit is S X 00