A 40-year-old man in the U.S. has a 0.245% risk of dying during the next year...

A 40-year-old man in the U.S. has a 0.245% risk of dying during the next year . An insurance company charges $260 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar.

Expected Value:

Expert Solution

The expected value for the person buying the insurance

= (1 - 0.00245)*(-$260) + 0.00245*$100,000

= -$14.363

Thus, the person buying the insurance will have an expected loss of $14.363

orchestra answered 2 years ago

A) A 40-year-old man in the U.S. has a 0.24% risk of dying during the next...

A) A 40-year-old man in the U.S. has a 0.24% risk of dying during the next year . An insurance company charges $250 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar. Expected Value: $ for the year B)If you randomly select a letter from the phrase "Ichiro Suzuki is at the top of the lineup," what is the...

Suppose a man has a probability of 0.00194 of dying in the next four years. An...

Suppose a man has a probability of 0.00194 of dying in the next four years. An insurance company charges $500 for a $100,000 life insurance four-year term policy to the man. That is, if the man dies within four years, the company must pay his estate $100,000; if he lives, the company pays nothing. Find the expected value of the profit for the company on this policy.

chief Complaint: 40-year-old man with a cough and dyspnea. History: Joe Butt, a 40-year-old white male...

chief Complaint: 40-year-old man with a cough and dyspnea. History: Joe Butt, a 40-year-old white male with a 52-pack-year smoking history suffered from chronic bronchitis. For the last several months he has been on an antibiotics treatment. Three weeks ago, his otherwise normal smoker’s cough started producing bloody sputum ("hemoptysis"). In the past week Joe has become increasingly short of breath ("dyspnea"). A routine chest X-ray revealed a couple of quarter-sized opacities in his right lung around the alveoli. Bronchoscopic...

1. A 64-year-old man with a 40 pack/year history of cigarette smoking has been diagnosed with...

1. A 64-year-old man with a 40 pack/year history of cigarette smoking has been diagnosed with emphysema. He asks the APRN if this means he has COPD. Question 2 of 2: Explain the pathophysiology of chronic bronchitis and how it relates to COPD.

Who has the lowest risk for developing dementia in the next year? a ?Bonnie, a 70-year-old...

Who has the lowest risk for developing dementia in the next year? a ?Bonnie, a 70-year-old woman who recently had a stroke b ?Cora, a 20-year-old woman who injured her head in a bicycle fall c ?Arlene, an 85-year-old woman recovering from a hip fracture d Dora, a 35-year-old women who is being treated for alcohol dependence Can you explain your answer in detail as well?

A 40-year-old man who has been separated from his father since early childhood tells the nurse...

A 40-year-old man who has been separated from his father since early childhood tells the nurse that his father recently contacted him to inform him that he is dying of Huntington disease. What is an essential component of care for this patient? A Assist the patient in determining signs of neuromuscular weakness B Instruct the man on treatment options for Huntington disease C Teach the man how to avoid passing Huntington disease to his own children D Provide genetic counseling,...

Mr. Sam is a 40-year-old man admitted to your unit following an emergency appendectomy at 0800....

Mr. Sam is a 40-year-old man admitted to your unit following an emergency appendectomy at 0800. When you enter his room at 1400, he is sitting up in bed smiling and visiting with his family. He tells you he is hurting and asks for his pain medication. You check his medication record and find orders for morphine 5 to 10mg intravenous push every 4 hours as needed for pain. 1. List at least six (7) areas you will assess related...

Fred, a 40 year old man, goes to see his doctor. He tells her he is...

Fred, a 40 year old man, goes to see his doctor. He tells her he is experiencing weight loss, polyuria, polydipsia, and extreme fatigue. The doctor notes he has a fruity smell to his breath so she orders a fasting glucose for the next day. The fasting glucose was 150 mg/dL (normal range 70-99 mg/dL). Choose the treatment option(s) that best fit this patient's condition. a. a calculated diet and exercise b. metformin HCl (Glucophage) c. vasopressin d. a and...

A 44-year-old man is seen at a physician’s office in the Metro Manila, during a week-end....

A 44-year-old man is seen at a physician’s office in the Metro Manila, during a week-end. The patient was travelled in Palawan last week which is known to be an endemic site for a vector borne disease. He did not taken up any prophylaxis during the said travel. Upon checking, the blood smear at that time was reported by the hospital as positive for malaria, species undetermined. He was then treated with 2 days of IV fluids (nature unknown) and...

P.W. Is a 40-year old disabled man who recently lost his wife to metastatic breast cancer....

P.W. Is a 40-year old disabled man who recently lost his wife to metastatic breast cancer. His brother has taken him into his home. P.W. has a 22-year history of insulin-dependent diabetes mellitus (Type-1). Until recently, he has taken responsibility for the management of his disease and has been actively involved in the local chapter of the American Diabetic Association. PMH includes 2 amputated toes on his R foot, retinopathy and visual impairment in both eyes, and angina on exertion...

Question