A man has a 0.218% chance of passing away during the next year. An insurance company charges

Fantastic news! We've Found the answer you've been seeking!

Question:

A man has a 0.218% chance of passing away during the next year. An insurance company charges $430 for a life insurance policy that pays a $130,000 death benefit. What is the expected value for the person buying the insurance?

Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" in your response.

Posted Date: May 19, 2024 02:16 AM

See More Questions

What are fintech risks?
The earth makes one complete revolution around the sun in 365.24 days. Assuming that the orbit of the earth is circular and has a radius of 93,000,000 mi, determine the velocity and acceleration of...
Capital is used for: (a) investment capital and equity (b) debt and equity (c) debt and working capital (d) investment capital and working capital
Explain and account for revisions in depreciation. - When new or additional information becomes available, a company will revise its calculation of depreciation expense. - A revision in depreciation...
Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhead using a plantwide rate based on direct labor hours. Consideration is...
Determine whether the sequence is convergent or divergent. If it is convergent, find the limit. n- + In 2 [A) (3 pts) a,, = + 3e 2h - 1 3 (B) (3 pts) d, = 2 + - + cos(2nix) (C) (3 pts) a,, = In(7n-...
What is one way to avoid a bad credit report? a Paying off a loan with a credit card. b Paying 10% of your credit card bill every month. c Paying off any debt owed on time. d Paying off a 90-day...
Morgan Grenfell Asset Management (MGAM) was doing well in 1994. Pension assets managed by the company's Investment Services division had grown from $7.6 billion to $10 billion during 1994. The firm...
J . T . is a limited partner in Nole, LP , and he is a passive participant in the partnership. At the beginning of the tax year, J . T . ' s basis in his partnership interest was $ 2 5 0 , 0 0 0 ....
1. To what extent does the choice to take a company public affect the owner's strategic planning for the firm's growth and success during the IPO (initial public offering) process? 2. Will the firm's...
Agile team project You stated, "Other benefits of Agile teams are that they can move quickly and efficiently. This is because Agile teams can adapt to changes rapidly. " That is true, and if the team...
Your organization has been awarded a DOJ grant to develop a community initiative for improving racial equity. You, as the law enforcement manager, have been assigned the task of developing a...
If there are 22 ounces of liquid in a cup and you know it is 6 percent cream and the rest is coffee. Suppose you add 13 more ounces of coffee. What percent of coffee is in the cup now? Round to the...
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
Graph $K . m ightarrow n ightarrow q ightarrow 0 ightarrow p ightarrow m$ Use the graphs from the given figures to determine whether the sequence of vertices in the given graph is a Hamilton cycle,...
$(n-1)!, n=14$ Evaluate the factorial expression for the given value of $n$.
Graph $A$. $b ightarrow d ightarrow e ightarrow f ightarrow c ightarrow b ightarrow e$ Use the graphs from the given figures to determine whether the sequence of vertices in the given graph is a...

A man has a 0.218% chance of passing away during the next year. An insurance company charges

Question:

Expert Answer:

Students also viewed these mathematics questions