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There is a 0.9986 probability a randomly selected 30-year old male live through the year. An insurance company called, None-of-your-Business, charges $161 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. Assume that the company sells 1300 such policies to 30-year-old males, so it collects $209,300 in policy payments. The company will make a profit if the number of deaths in this group is two or fewer.
a. What is the mean number of deaths in such groups of 1300 males?
b. Use the Poisson distribution to find the probability that the company make a profit from the 1300 policies.
c. Use the binomial distribution to find the probability that the company makes a profit from the 1300 policies.
Label the Vertex and the Axis of symmetry
A boat can travel 46 mph in still water. If it travels 270 miles with the current in the same length of time it travels 190 miles against the current, what is the speed of the current?
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The boss says why should I make any product B or C when I can make so much money with product A. Defend your position and convince your boss why also producing the other products could be a better plan.
Worker efficiency. In a study of worker efficiency at Wong Laboratories it was found that the number of components assembled per hour by the average worker t hours after starting work could be modeled by the formula.
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Graph the function and label the x and y-intercepts on a scale where y-axis ranges from -100 to 900 and x-axis ranges from 0 to 55. What is the maximum profit earned by the company in a week?
Evaluate the integral by interpreting it in terms of areas. In other words, draw a picture of the region the integral represents
on august 18, the ferrnandez family received 19 pieces of mail consisting of magazines, bills, letters, and ads. if they received the same number of magazines as letters, three more bills than letter, and five more ads than bills, how many magazin..
Let u = [2,1,1]^T, v = [1,3,2]^T (i.e. they are column vectors). Caclulate v^Tu and uv^T. Show that u is an eigenvector of the matrix uv^T and calculate its eigenvalue.
How fast is the object moving 9s after being thrown?
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