Ask Question
4 June, 19:48

A forty-five year old woman is considering buying a one-year life insurance policy for $620 with a coverage of $200,000. Suppose the probability for a woman of that age living through the year is 99.75%.

Based only on this information, should the woman buy the insurance policy.

A) The expected value is $118.45 - - the woman should buy the insurance policy.

B) The expected value is $1118.45 - - the woman should buy the insurance policy.

C) The expected value is - $118.45 - - the woman should not buy the insurance policy.

D) The expected value is - $1118.45 - - the woman should not buy the insurance policy.

+3
Answers (1)
  1. 4 June, 20:08
    0
    C) The expected value is - $118.45 - - the woman should not buy the insurance policy. i guessed on mine and i got it right
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A forty-five year old woman is considering buying a one-year life insurance policy for $620 with a coverage of $200,000. Suppose the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers