Mathematics, 24.02.2020 16:44 KaseyT
An insurance company sells a one-year term life insurance policy To an 80-year-old woman. The woman pays a premium of thousand dollars. She dies within one year, the company will pay $20,000 to her beneficiary. According to the US centers for disease control and prevention, will be alive when you're later is to an 80-year-old woman. The woman pays a premium $1000. She dies within one year, the company will pay $20,000 to her beneficiary. According to the US centers for disease control and prevention, women will be alive one year later is 0.9516. Let X be the profit made by the insurance company. Find the probability distribution and expected value of the profit.
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An insurance company sells a one-year term life insurance policy To an 80-year-old woman. The woman...
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