anonymous
  • anonymous
What are the odds against an event happening when the probability of an event happening are 19%?
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katieb
  • katieb
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anonymous
  • anonymous
81%?
anonymous
  • anonymous
Tell me how did you get that answer?
anonymous
  • anonymous
100 - 19 = 81

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anonymous
  • anonymous
An insurance company is going to charge $760 for a 1-year $180000 policy for men who don't smoke and are 26 years old. The probability that this group of men will die in the next year is 0.0035. (1) What is the probability of this group of men living? (write as a decimal, not a %, rounded to 4 decimal places) (2) What is the Expected Value of this policy for the insurance company? $----- per policy. (3) How much money would 1000 policies like this generate for the insurance company?

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