Suppose that a life insurance company insures 1 million 50-year-old people in a given year. (Assume a death rate of 5 per 1000 people.) The cost of the premium is $200 per year, and the death benefit is $50,000 What is the expected profit or loss for the insurance company? Chrome File Edit ViewHistory Bookmarks People TabWindow HelpA )) 99% 41Fri 11:53 AMBb Review for Test 4 – Contempor xYuzu Reader: MyLab Math for i xAnswered: In 2015, the median x+A reader2.yuzu.com/#/books/9780136414124/cfi/6/128!/4/2/34/2/2/2@0:4.92* Tp DLife ExpectancyA Table of ContentsOne of the most commonly cited vital statistics is life expectancy, which is often used to compareQ 7doverall health at different times or in different countries. The idea will be clearer if we start by looking atdeath rates. Figure 7.14a O shows the U.S. death rate (deaths per 1000 people) for people of differentages. Note that there is an elevated risk of death shortly after birth, after which the death rate drops toUnit 7D Assessing Riskvery low levels. At about 15 years of age, the death rate begins a gradual rise.Quick Quiz 7DFigure 7.14U.S. Death Rate by Age (0 to 80)U.S. Life Expectancy by Age (0 to 100)Exercises 7D5090458040Unit 7D Quick Quiz70356030Unit 7D Exercises5025402030 -1520 -10101020304050607080102030405060708090100AgeAge(a)(b)(a) The U.S. death rate for different ages. (b) Life expectancy for different ages.Source: Centers for Disease Control and Prevention (2012 data, released 2016).Figure 7.14b O shows the life expectancy D of Americans (men and women combined) of differentages, defined as the number of additional years a person of a given age can expect to live on average.As we would expect. life expectancv is hiaher for vounaer people because. on average. thev haveロ^Aa 1)468Death rate (per 1000)

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Description: Suppose that a life insurance company insures 1 million 50-year-old people in a given year. (Assume a death rate of 5 per 1000 people.) The cost of the premium is $200 per year, and the death benefit is $50,000 What is the expected profit or loss for

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Suppose that a life insurance company insures 1 million 50-year-old people in a given year. (Assume a death rate of 5 per 1000 people.) The cost of the premium is $200 per year, and the death benefit is $50,000 What is the expected profit or loss for the insurance company?

Suppose that a life insurance company insures 1 million 50-year-old people in a given year. (Assume a death rate of 5 per 1000 people.) The cost of the premium is $200 per year, and the death benefit is $50,000 What is the expected profit or loss for the insurance company?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.3: Using Data Displays

Problem 2C

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