A 40-year-old man in the U. S. has a 0.24% 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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A 40-year-old man in the U. S. has a 0.24% risk of dying during the next year. An insurance company charges $260 per year for a ...” 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
You Might be Interested in
The drawing of a building has a scale of 1 inch to 30 feet. The height of the building in the drawing is 2.5 inches and the width of the building in the drawing is 1.5 inches. What is the actual height of the building? A. 30 feet B. 45 feet C.
Answers (2)
One office pays $33 for 4 sandwiches another office pays $61 for 8 sandwiches how much is the delivery cost?
Answers (1)
Select all ratios equivalent to 7.14 21:56 1:2 3:6
Answers (1)
What level of measurement is qualitative? Nominal? Ordinal? Interval? Or ration?
Answers (2)
Kelly has 7 1/4 yards of rope. She cuts 3 inches off each end of the rope. Kelly will divide the remaining rope into 5 equal pieces for a craft project. What will be the length of each piece of rope?
Answers (1)
New Questions in Mathematics
An angle measuring 75° turns through a circle. Write the fraction for how much of the circle the angle turns through.
Answers (1)
y = - 6x2 + 3x + 2 rewritten in vertex form
Answers (1)
5,000+300+8 in standard form
Answers (1)
What is the greatest common factor of 60 84 24
Answers (2)
it takes the earth 24 hours to complete a full rotation. It take the sun approximately 25 days, nine hours, and seven minutes to complete a full rotation. How many hours does it take the sun to complete a full rotation?
Answers (1)