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Insurance: An insurance company sells a 1-year term life insurance policy to an 70-year-old woman. The woman pays a premium of $3500 . If she

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Insurance: An insurance company sells a 1-year term life insurance policy to an 70-year-old woman. The woman pays a premium of $3500 . If she dies within 1 year, the company will pay $88,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 76-year-old woman will be alive 1 year later is 0.9605 . Let J be the profit made by the insurance company. Part: 0 / 2 Part 1 of 2 (a) Find the probability distribution. The probability distribution is 3500 X P (x)

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