Finding Expected Value for a Life Insurance Policy The CNA Insurance Company charges Mike

Author:

January 12th, 2018

13. Finding Expected Value for a Life Insurance Policy The CNA Insurance Company charges Mike $250 for a one-year $100,000 life insurance policy. Because Mike is a 21-year-old male, there is a 0.9985 probability that he will live for a year (based on data from U.S. National Center for Health Statistics).a. From Mike’s perspective, what are the values of the two different outcomes?b. If Mike purchases the policy, what is his expected value?c. What would be the cost of the insurance policy if the company just breaks even (in the long run with many such policies), instead of making a profit?

Calculate the price

Make an order in advance and get the best price

Type of paper

Academic level

Deadline

Pages (550 words)

$0.00

*Price with a welcome 15% discount applied.

Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.

We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.

How it works

Receive a 100% original paper that will pass Turnitin from a top essay writing service

step 1

Upload your instructions

Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.

step 2

Control the process

Once you place an order with our professional essay writing services, we will email you login details to your account. There, you'll communicate with the writer and support team and track the writer's progress.

step 3

Download your paper on time

As soon as your work is ready, we’ll notify you via email. You'll then be able to download it from your account and request a revision if needed. Please note that you can also rate the writer's work in your account.

Pro service tips

How to get the most out of your experience with Essay Fountain

One writer throughout the entire course

If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.

The same paper from different writers

You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."

Copy of sources used by the writer

Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.

Testimonials

See why 20k+ students have chosen us as their sole writing assistance provider

Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.

Sociology

Thank you for answering all of the questions provided. The last 3 discussions, I only received a grade of 14 out of 20 points. Let's see how it goes after the grades are posted next week.

Customer 452919, February 9th, 2023

Sociology

The writer covered all points as expected by the professor. Thank you for your commitment to serve students.

Customer 452919, February 21st, 2024

Education

I love you guys, yal are the best. Thank you so much !!!

Customer 453117, September 10th, 2022

Health Care

Thank you for getting this paper done in a timely manner

Customer 452641, February 20th, 2021

Sociology

Thanks to the entire team!

Customer 452919, December 8th, 2021

Sociology

Thank you, I have been averaging 16/20 points for the past discussions 1-4). Unsure why, but I will know how this one goes in a few days. Thank you for your assistance.

Customer 452919, February 16th, 2023

Sociology

Thank you for following the guidelines of the discussion essay. We are off to a great start.

Customer 452919, March 20th, 2024

Sociology

Thank you

Customer 452919, March 23rd, 2022

Logistics

The presentation slides were not narrated as asked per the instructions.

Customer 452623, September 28th, 2021

Sociology

Thank you, the journal wa submitted today and I hope to continue receiving services.

Customer 452919, October 28th, 2021

Business Studies

I had no idea what to do here and you nailed it! Thank you so much!

Customer 453131, November 21st, 2022

Political science

Great paper

Customer 452863, September 11th, 2021

11,595

Customer reviews in total

96%

Current satisfaction rate

3 pages

Average paper length

37%

Customers referred by a friend

OUR GIFT TO YOU

15% OFF your first order

Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.

Claim my 15% OFF Order in Chat