Question: 15. There is 0.9986 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance company charges $160 for insuring that


15. There is 0.9986 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance company charges $160 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $1 10,000 as a death benefit. If a 30-year-old male purchases the policy, what is his expected value? 16. A research company stated that 39% of missed school days are due to asthma. If a group of 10 school children are selected at random. Use calculator to answer the questions a - e a) What is the probability that at most 7 children will miss school because of asthma? Four decimal places b) What is the probability that at least 5 children will miss school because of asthma? Four decimal places C What is the probability that more than 3 children will miss school because of asthma? Four decimal places d) What is the probability that less than 6 children will miss school because of asthma? Four decimal places e) What is the probability that exactly 8 children will miss school because of asthma? Four decimal places f) Find the mean and standard deviation. Using binomial formula. One decimal place
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