Question 3
Find the missing value required to create a probability distribution, then find the standard deviation for the given probability distribution. Round to the nearest hundredth.
x / P(x)
0 / 0.1
1 / 0.19
2 / 0.39
3 / 0.06
4 / 0.06
Question 4
3 pts
A 28-year-old man pays $270 for a one-year life insurance policy with coverage of $16,570. If the probability that he will live through the year is 0.994, what is the expected value for the insurance policy? Round to the nearest cent.
3 pts