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A man pays $400 for a 1 year life insurance with coverage of $200,000.Given his age, he has a .995 chance of living for at least another year. What is the expected value of the policy? Should he buy it or not ? Why or Why not?
Statistics and Probability, Statistics
We polled a sample of 900 random people on whether they thought a candidate for a high government position deserves to be nominated. We found that 405 of the 900 people (or 45%) believe the candidate should not be nomina ...
Please explain which formula I should use to complete the following probability question: The probability that a family will buy a vacation home in Miami, malibu, or newport is 0.25, 0.10 and 0.35. What is the probabilit ...
1) This table summarizes the results from along+termrandomized clinicaltrial to determine whether aspirin reduces the risk of heart attack. Researchers randomly assigned a large sample of healthy male physicians (22,07 ...
In? mid-2009, Rite Aid had? CCC-rated, 20-year bonds outstanding with a yield to maturity of 17.3%. At the? time, similar maturity Treasuries had a yield of 5%. Suppose the market risk premium is 4% and you believe Rite? ...
Question 1 (CO6) From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 4.9 hours with a standard deviation of 0.35 hours. What is the 95% confidence in ...
Two payments of $9,000 and $2,600 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 5 years if money is worth 10.00% compounded quart ...
1. For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. Santa Fe black-on-white is a type of pottery commonly found at archaeological excavations ...
A study was conducted to evaluate the association between benzene exposure and leukemia. Employment records identified 10,000 workers who were occupationally exposed to benzene in the 1980s and 14,000 workers who were no ...
A student recieves the grades shown below, with an A worth 4 points, a B worth 3 points, a C worth 2 points, and a D worth 1 point. What is the students grade point average? A in 1 four - credit classes C in 1 three - cr ...
Anystate Auto Insurance Company took a random sample of 388 insurance claims paid out during a 1-year period. The average claim paid was $1575. Assume σ = $240. Find a 0.90 confidence interval for the mean claim paymen ...
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