Insurance: An insurance company sells a 1-year term life insurance policy to an 78-year-old woman. The woman pays a premium of S2400. If she dies within 1 year, the company will pay $35,000 to her...


Insurance: An insurance company sells a 1-year term life insurance policy to an 78-year-old woman. The woman pays a<br>premium of S2400. If she dies within 1 year, the company will pay $35,000 to her beneficiary. According to the U.S. Centers<br>Disease Control and Prevention, the probability that an 78-year-old woman will be alive 1 year later is 0.9332. Let X be the or<br>made by the insurance company.<br>Part: 0/2<br>Part 1 of 2<br>(a) Find the probability distribution.<br>The probability distribution is<br>2400<br>

Extracted text: Insurance: An insurance company sells a 1-year term life insurance policy to an 78-year-old woman. The woman pays a premium of S2400. If she dies within 1 year, the company will pay $35,000 to her beneficiary. According to the U.S. Centers Disease Control and Prevention, the probability that an 78-year-old woman will be alive 1 year later is 0.9332. Let X be the or made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is 2400

Jun 03, 2022
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