Insurance An insurance company sells a 1 year term life

Last updated: 6/16/2023

Insurance An insurance company sells a 1 year term life insurance policy to an 75 year old woman The woman pays a premium of 4300 If she dies within 1 year the company will pay 78 000 to her beneficiary According to the U S Centers for Disease Control and Prevention the probability that an 75 year old woman will be alive 1 year later is 0 9457 Let X be the profit made by the insurance company Part 0 2 Part 1 of 2 a Find the probability distribution The probability distribution is X P x 4300