Insurance: An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $1200. If she dies within 1 year, the company will pay $28,000 to her...

Extracted text: Insurance: An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $1200. If she dies within 1 year, the company will pay $28,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 83-year-old woman will be alive 1 year later is 0.9605. Let X be the profit made by the insurance company. Part: 0/ 2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is 1200 P(x) 0.9605