Question
In: Statistics and Probability
The probability that a 28-year-old male in the U.S. will die within one year is approximately...
The probability that a 28-year-old male in the U.S. will die within one year is approximately 0.001395. If an insurance company sells a one-year, $10,000 life insurance policy to such a person for $255, what is the company's expectation? (Round your answer to the nearest dollar.)
Solutions
orchestra answered 2 years agoRelated Solutions
The probability that a 28-year-old male in the U.S. will die within one year is approximately...
The probability that a 28-year-old male in the U.S. will die
within one year is approximately 0.001395. If an insurance company
sells a one-year, $30,000 life insurance policy to such a person
for $195, what is the company's expectation? (Round your answer to
the nearest dollar.).
The probability that an 80-year-old male in the U.S. will die within one year is approximately...
The probability that an 80-year-old male in the U.S. will die
within one year is approximately 0.069941. If an insurance company
sells a one-year, $12,000 life insurance policy to such a person
for $425, what is the company's expectation? (Round your answer to
two decimal places.)
The probability that a 22-year-old female in the U.S. will die within one year is approximately...
The probability that a 22-year-old female in the U.S. will die
within one year is approximately 0.00044. If an insurance company
sells a one-year, $25,000 life insurance policy to such a person
for $155, what is the company's expectation? (Round your answer to
the nearest dollar.)
The probability that a 22-year-old female in the U.S. will die within one year is approximately...
The probability that a 22-year-old female in the U.S. will die
within one year is approximately 0.00044. If an insurance company
sells a one-year, $30,000 life insurance policy to such a person
for $95, what is the company's expectation? (Round your answer to
the nearest dollar.)
The probability that a 30-year-old male in the U.S. will die within one year is about...
The probability that a 30-year-old male in the U.S. will die
within one year is about 0.00142. An insurance company is preparing
to sell a 30-year-old male a one-year, $40,000 life insurance
policy. How much should it charge for its premium in order to have
a positive expectation for the policy? (Round your answer to the
nearest dollar.)
There is a 0.9983 probability that a randomly selected 28-year-old male lives through the year. A...
There is a 0.9983 probability that a randomly selected
28-year-old male lives through the year. A life insurance company
charges $191 for insuring that the male will live through the year.
If the male does not survive the year, the policy pays out 90,000
as a death benefit. Complete parts (a) through (c) below.
a. From the perspective of the 28-year-old male, what are the
monetary values corresponding to the two events of surviving the
year and not surviving?
The...
There is a 0.9985 probability that a randomly selected 28-year-old male lives through the year. A...
There is a 0.9985 probability that a randomly selected
28-year-old male lives through the year. A life insurance company
charges $188 for insuring that the male will live through the
year. If the male does not survive the year, the policy pays out
$100 comma 000 as a death benefit. Complete parts (a) through
(c) below.
a. From the perspective of the 28-year-old male, what are the
monetary values corresponding to the two events of surviving the
year and not...
Based on US mortality statistics, the probability that a 30-year old white female will die within...
Based on US mortality statistics, the probability that a 30-year
old white female will die within the next year is 0.000642 (and so
the probability of living another year is 1-0.000642 = 0.999358).
What premium should a life insurance company charge to break even
on a $500,000 one-year term insurance policy for a 30-year old
white female? Please select the closest response.
260
290
351
231
321
A 28 year old male complained of excessive thirst and an increase in urinary volume. Lab...
A 28 year old male complained of excessive thirst and an
increase in urinary volume. Lab results showed the following
urine specific gravity (relative density) was less than 1.005
(normal: 1.040 - 1.050)
urine osmolarity (concentration) was less than 200 mOsm/L
(normal: 500 - 800 mOsm/L)
urinary volume was 15 L/day (normal: 1.5 to 3.0 L)
serum sodium was 145 mEq/L (normal: 136 - 145 mEq/L)
serum potassium was 2.8 mEq/L (normal: 3.6-5.1 mEq/L)
Water deprivation and hypertonic saline infusion...
There is a 0.99890.9989 probability that a randomly selected 2929-year-old male lives through the year. A...
There is a
0.99890.9989
probability that a randomly selected
2929-year-old
male lives through the year. A life insurance company
charges
$189189
for insuring that the male will live through the year. If the
male does not survive the year, the policy pays out
$110 comma 000110,000
as a death benefit. Complete parts (a) through (c) below.
a. From the perspective of the 29-year-old male, what are the
monetary values corresponding to the two events of surviving the
year and not...
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