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Suppose a life insurance company sells a $160,000 one-year term life insurance policy to a 22-year-old female for $260. The probability that the female survives the year is 0.999457. Compute and interpret the expected value of this policy to the insurance company. The expected value is $:|. (Round to two decimal places as needed.)
SAT verbal scores are normally distributed with a mean of 494 and a standard deviation of 97. Use the Empirical Rule to determine what percent of the scores lie between 300 and 591.
A local university is deciding between three different copy machines. The copy machines have a mean time between failure and mean time to repair as shown
I. The following numbers represent a random sample from a normal distribution with variance of 16 and unknown mean p:o 7.64 6.38 6.06 5.59 2.03 1.17 8.42 -6.83 2.25 5.78 7.56 4.33'
What is the 95% confidence inteval rounded to three decimal places?
An experiment was carried out to assess the effects of four tomato varieties and four planting densities on yield. There were 64 plots, and each of the 16 factor combinations was randomly assigned to 4 plots
A doctorhas developed an experimental drug for toe-nail fungus. He needs to test it out on some people to make sure it works. He has a list of 2000 people who could be potential subjects in his study. 1120 of these potential subjects have toe ..
the following graph shows the population of washington d.c. in 2000 and in 2010. what is wrong with this graph? draw a
Remark. A concrete example runs as follows: Take 3 sticks of length 1, break each of them uniformly at random, and pick one of the pieces from each stick. Find the probability that the 3 chosen pieces can be constructed into a triangle.
Also calculate the NPV assuming Sturgeon has a 12% cost of capital Should Sturgeon Accept the project?
Candies manufactured by Cherrie Chocolate Candies Co, are supposed to weigh at least 2.00 ounces. A sample of 100 candies yields the following results.
Find out the expected shape of distribution of sample mean?
On the other hand, the transportation costs to ship from China back to the primary markets of Europe and North America represented 4-6% of the COGS.
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