Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a 40-year-old man in the u.s. has a 0.242% risk of

A 40-year-old man in the U.S. has a 0.242% risk of dying during the next...

80.2K

Verified Solution

Question

Basic Math

image

A 40-year-old man in the U.S. has a 0.242% risk of dying during the next year. An insurance company charges $250 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. Expected Value: $ for the year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The son, Seif, is born with sickle cell anemia. This means both parents carry the allele...

Biology
Q

biochem question: At the pO2 in ACTIVE muscle tissue, would Mb or Hb be predicted to have...

Biology
Q

Craig's Car Wash Inc. is considering a project that has the following cash flow and cost...

Finance
Q

24 tSNARES located on incoming vesicles that plan to dock at a target membrane will...

Biology
Q

Select the electron carriers involved in the electron transport chain Check all that apply View...

Biology
Q

C 1 D same as of radius of curvature A light of ray incidents normally...

Physics
Q

Kendra and her horse completed the barrel racing course in 15.839 seconds. What is this...

Basic Math
Q

Sheridan Company incurred the following costs to produce 100000 units: Variable...

Accounting
Q

Read the ethics case, Deciding Who Receives the Swine Flu Vaccine, on pp. 156-157 of...

Accounting
Q

Frank Corporation manufactures a single product that has a selling price of $30.00 per unit....

Accounting
Q

PART 2 (65 marks) Estimate the CAPM for your stock. The formula for the CAPM...

Finance
Q

Karsted Air Services is now in the final year of a project. The equipment originally...

Finance