A life insurance company sells a $240,000 one year term life insurance policy to a 25-year old female for $225. The probability that the female survives the year is .999572. Find the expected value for the insurance company.

$122.28

Step-by-step explanation:

Give the following :

Insurance worth = $240,000

Price sold = $225

P(survival) = 0.999572

P(death) = 1 - 0.999572 = 0.000428

If she survives, insurance firm makes $225

If she dies, insurance firm pays $240,000, hence the company losses :

$(225 - 240,000) = $−239775

Expected value (E(x)) = sum of P(i) * X(i)

E(x) = (P(survival) * profit made) + (P(death) * loss incurred)

E(x) = (225 * 0.999572) + (0.000428 * −239775)

= 224.9037 - 102.6237

=$ 122.28

for a it would be 24 children.

for b i don't understand the question. is it saying for each individual person they pick 5 reds to 7 greens or is it the whole group. clarify and i hope this can you.

step-by-step explanation:

answer: he is 272195

step-by-step explanation: all you have to do is multiple 3535 and 77 and it equals 272195