Fill in the probability distribution table and find the expected value. 10) A 28-year-old man pays $181 for a one-year life insurance policy with coverage of $150,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy? 10) P(x)

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.3: Binomial Probability
Problem 33E
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Fill in the probability distribution table and find the expected value.
10) A 28-year-old man pays $181 for a one-year life insurance policy with coverage of
$150,000. If the probability that he will live through the year is 0.9994, what is the expected
value for the insurance policy?
10)
X
P(x)
Transcribed Image Text:Fill in the probability distribution table and find the expected value. 10) A 28-year-old man pays $181 for a one-year life insurance policy with coverage of $150,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy? 10) X P(x)
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