A life insurance company sells a $150,000 one year term life insurance policy to a 21-year...

A life insurance company sells a $150,000 one year term life insurance policy to a 21-year old female for $150. The probability that the female survives the year is .999724. Find the expected value for the insurance company.

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orchestra answered 2 years ago

suppose a life insurance company sells a $240,000 one year term life insurance policy to a...

suppose a life insurance company sells a $240,000 one year term life insurance policy to a 19 year old female for $270. the probability that the female survives the year is .999522. compute and interpret the expected value if this policy to the insurance company. the expected value is $______

Suppose a life insurance company sells a $200,000 one-year term life insurance policy to a 23-year-old...

Suppose a life insurance company sells a $200,000 one-year term life insurance policy to a 23-year-old female for $190. The probability that the female survives the year is 0.999594. Compute and interpret the expected value of this policy to the insurance company.

Suppose a life insurance company sells a $160,000 one-year term life insurance policy to a 25-year-old...

Suppose a life insurance company sells a $160,000 one-year term life insurance policy to a 25-year-old female for $280. The probability that the female survives the year is 0.9996420 Compute and interpret the expected value of this policy to the insurance company. The expected value is $nothing. (Round to two decimal places as needed.)

Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 24-year-old...

Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 24-year-old female for $200. The probability that the female survives the year is .999461. Compute and interpret the expected value of this policy to the insurance company.

Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 20-year-old...

Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 20-year-old female for $330. The probability that the female survives the year is 0.999502. Compute and interpret the expected value of this policy to the insurance company.

Suppose a life insurance company sells a $230 comma 230,000 one-year term life insurance policy to...

Suppose a life insurance company sells a $230 comma 230,000 one-year term life insurance policy to a 19-year-old female for $230. The probability that the female survives the year is 0.999588. Compute and interpret the expected value of this policy to the insurance company.

Suppose a life insurance company sells a $220 comma 000 one-year term life insurance policy to...

Suppose a life insurance company sells a $220 comma 000 one-year term life insurance policy to a 23-year-old female for $190. The probability that the female survives the year is 0.999524. Compute and interpret the expected value of this policy to the insurance company. The expected value is $

Suppose a life insurance company sells a $180 comma 000180,000 one-year term life insurance policy to...

Suppose a life insurance company sells a $180 comma 000180,000 one-year term life insurance policy to a 2222-year-old female for $280280. The probability that the female survives the year is 0.9995450.999545. Compute and interpret the expected value of this policy to the insurance company. The expected value is $nothing.

Suppose a life insurance company sells a $260 comma 000260,000 one-year term life insurance policy to...

Suppose a life insurance company sells a $260 comma 000260,000 one-year term life insurance policy to a 2424-year-old female for $350350. The probability that the female survives the year is 0.9996410.999641. Compute and interpret the expected value of this policy to the insurance company. The expected value is $nothing. (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? A. The insurance company expects to make an average profit of $31.8131.81 on...

Suppose a life insurance company sells a $290,000 a year term life insurance policy to a...

Suppose a life insurance company sells a $290,000 a year term life insurance policy to a 20-year-old female for $200. The probability that the female survives the year is 0.999634. compare and interpret the expected value of this policy to the insurance company. the expected value is $___ (round to two decimal places as needed)

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