Insurance: An insurance company sells a

1

-year term life insurance policy to an

76

-year-old man. The man pays a premium of

$3700

. If he dies within

1

year, the company will pay

$78,000

to his beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an

76

-year-old man will be alive

1

year later is

0.9537

. Let

X

be the profit made by the insurance company.

Part: 0 / 2

0 of 2 Parts Complete

Part 1 of 2

(a) Find the probability distribution. The probability distribution is

x	?	3700
Px	?	?