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Insurance: An insurance company sells a 1-year term life insurance policy to an 82-year-old woman. The woman pays a premium of $1400. If she dies
Insurance: An insurance company sells a 1-year term life insurance policy to an 82-year-old woman. The woman pays a premium of $1400. If she dies within 1 year, the company will pay $39,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 82-year-old woman will be alive 1 year later is 0.9645. 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 1400 X 5 P(x)
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