Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old woman. The woman pays a premium of $4200. If she dies within 1 year, the company will pay $76,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 81-year-old woman will be alive 1 year later is 0.9457. Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is X 0 4200 P(x) □ n X 5

Insurance: An insurance company sells a 1-year term life insurance policy to an 81-year-old woman. The woman pays a premium of $4200. If she dies within 1 year, the company will pay $76,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 81-year-old woman will be alive 1 year later is 0.9457. Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is X 0 4200 P(x) □ n X 5

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.2: Probability

Problem 48E: Quality Control To control the quality of their product, the Bright-Light Company inspects three...

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