The expected value of any term life insurance product yields a positive expected value for the insurance company and a negative expected value for you, meaning the insurance company will make profits by selling their insurance products. Would you still buy the term life insurance? Why or why not? Are there other examples other than insurance that uses this same concept?

Apsychology student wishes to investigate differences in political opinions between business majors and political science majors at her college. she randomly selects 100 students from the 260 business majors and 100 students from the 180 political science majors. does this sampling plan result in a simple random sample? why or why not? no, because each group of 200 students in the sample does not have the same chance of being selected. yes, because each group of 200 students in the sample has the same chance of being selected. no, because each individual student does not have an equal chance of being selected. yes, because each individual student has the same chance of being selected.