Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 3 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 5.00

Flyers’ insurance

 Flyers’ insurance An insurance company sells a policy to airline passengers for $1. If a flyer dies on a given flight (from a plane crash), the policy gives $100,000 to the chosen beneficiary. Otherwise, there is no return. Records show that a passenger has about a one in a million chance of dying on any given flight. You buy a policy for your next flight.

a. Specify the probability distribution of the amount of money the beneficiary makes from your policy.

b. Find the mean of the probability distribution in part a. Interpret.

c. Explain why the company is very likely to make money in the long run.

Answers

(5)
Status NEW Posted 21 Mar 2018 07:03 AM My Price 5.00

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