True or False? When making decisions involving expected value or expected payoff, you should always choose the option with the greater expected value/payoff. True False
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- Solve and analyze the problem A 33-year-old mother pays P12,000 per annum for a P500,000 life insurance policy. Actuarial research shows that the probability of death during the year for female of the same age, medical history and profile, is 0.0009. What is the expected value of the policy for the insurance company?A 40-year-old man in the U.S. has a 0.245% risk of dying during the next year . An insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the insurance company? Round your answer to the nearest dollar.Expected Value: $_______for the yearI need help1. How do you understand an investment risk and what statistic tools can be used to measure it? 2. What does a probability distribution describe?
- Please do not give solution in image format thanku You want to host a giveaway on Facebook to promote your new side hustle. You are giving away a $50 gift card for your business. Anyone who likes/follows your Facebook page is entered into the drawing. According to a recent study, you predict your side hustle will earn, on average, $.50 per like/follow. Your giveaway deadline passes, and you have 189 new followers on your Facebook page since the giveaway was first promoted. Using expected value, answer the following: Was this a successful giveaway (in terms of expected value)? How many followers would have made this giveaway a “fair game”? What would the expected value have been if you only gained 94 new followers?REQUIRED: How much is the expected cash flow disregarding other simulations? How much is the expected value of your investment in machine using Monte Carlo Simulations? Will you invest in the new released equipment, yes or no? Prove it with your solution/s.A 40-year-old man in the U.S. has a 0.243% risk of dying during the next year . An insurance company charges $290 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the insurance company? Round your answer to the nearest dollar.
- Is it an expected gain or an expected loss? Round the answer to two decimal places.An insurance policy sells for $1200. Based on past data, an average of 1 in 100 policyholders will file a $10,000 claim, an average of 1 in 250 policyholders will file a $50,000 claim, and an average of 1 in 500 policyholders will file a $70,000 claim. Find the expected value (to the company) per policy sold. If the company sells 20,000 policies, what is the expected profit or loss? Question content area bottom Part 1 The expected value is $enter your response here. (Simplify your answer.) Part 2 The expected ▼ profit loss is $enter your response here. (Simplify your answer.)Determine the daily expected value of the new machine. See chart below.
- (a). A 22-year-old male pays $275 for a 1-year $150,000 life insurance policy. What is the expected value of the policy for the policy holder?(b). A 21-year-old female pays $150 for a 1-year $120,000 life insurance policy. What is the expected value of the policy for the policy holder?Please no written by hand Complete your required discussion prompt: Maybe you have considered buying a term life insurance policy. The expected value of any term life insurance product yields a positive expected value for the insurance company and a negative expected value for you, meaning the insurance company will make profits by selling their insurance products. Would you still buy the term life insurance? Why or why not? Are there other examples other than insurance that uses this same concept?A 40-year-old man in the U.S. has a 0.247% 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.
