Two life insurance policies, each with a death benefit of 10,000 and a one-time premium of 500, are sold to a couple, one for each person. the policies will expire at the end of the tenth year. the probability that only the wife will survive at least ten years is 0.025, the probability that only the husband will survive at least ten years is 0.01, and the probability that both of them will survive at least ten years is 0.96 . what is the expected excess of premiums over claims, given that the husband survives at least ten years?

896.9

Step-by-step explanation:

Let x denotes excess premium over claims

, There are two possibilities

(i)Only husband survives

This can be possible with a possibility of 0.01

Claims=10,000

Premium collected

Thus x=1000-10,000=-9000

(ii)Both husband and wife survives

This can occur with a probability of 0.96

Here claims will be 0 as both survives

Premium taken=1000

thus x=1000

The probability that the husband survives is the sum of above cases

=0.96+0.01=0.97

Hence the desired conditional Expectation

the population of other specie of birds will decline or other specie of birds will find some alternate source of food to survive.

explanation:

according to the competitive exclusion principle, which is also known as gause's law, two specie living in the same niche and feeding on the same resource cannot co-exist stably.

as we have well studied the theory of natural selection which states that only those organisms survive which have better tendency to compete for food and adapt to the environmental conditions.

coming towards the question, what wi ll happen when one species outcompetes the other for the small fish , the other specie will not get enough food and will start to die or decline in population. eventually either other specie needs to find another alternative food source for itself or migrate at some other location where there is less competition otherwise it will just not exist anymore at that niche.

hope it !

the answer is 150.6

step-by-step explanation:

you multiply .02 by 30 and get .6.

and then you multiply 5.00 by 30 and get 150.

hope this !