document.write( "Question 1149790: An insurance company has written 50 policies for ​$80 comma 000​, 100 policies for ​$45 comma 000​, and 250 policies for ​$5000 for people of age 20. If experience shows that the probability that a person will die at age 20 is 0.0011​, \r
\n" ); document.write( "\n" ); document.write( "how much can the company expect to pay out during the year the policies were​ written? \n" ); document.write( "
Algebra.Com's Answer #771236 by ikleyn(52848)\"\" \"About 
You can put this solution on YOUR website!
.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "            The condition must say (but missed to do it) that the policies are effective during one year
\n" ); document.write( "            and that the probability to die 0.0011 relates to the age from 20 to 21.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\r\n" );
document.write( "\r\n" );
document.write( "The company expects to pay  (0.0011*50*80000 + 0.0011*100*45000 + 0.0011*250*5000) = 10725 dollars.\r\n" );
document.write( "
\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
\n" );