What is the age distribution of promotion-sensitive shoppers? A supermarket super shopper is defined as a shopper for whom at least 70% of the items purchased were on sale or purchased with a coupon. Age range, years 18-28 29-39 40-50 51-61 62 and over Midpoint x 23 34 45 56 67 Percent of super shoppers 5% 41% 26% 11% 17% For the 62-and-over group, use the midpoint 67 years. (a) Using the age midpoints x and the percentage of super shoppers, do we have a valid probability distribution? Explain. (b) Use a histogram to graph the probability distribution of part (a). (c) Compute the expected age μ of a super shopper. (Round your answer to two decimal places.) μ = (b) Use a histogram to graph the probability distribution in part (a). (c) Find the probability that a British nurse selected at random in 1851 would be 60 years of age or older. (Round your answer to three decimal places.) (b) Find the probability that two or more of the five parolees will be repeat offenders. (Round your answer to three decimal places.) How much did Kevin effectively contriute to the Samaritan Center for the Homeless? (Round your answer to two decimal places.) $ [removed] Sara is a 60-year-old Anglo female in reasonably good health. She wants to take out a $50,000 term (that is, straight death benefit) life insurance policy until she is 65. The policy will expire on her 65th birthday. The probability of death in a given year is provided by the Vital Statistics Section of the Statistical Abstract of the United States (116th Edition). x = age 60 61 62 63 64 P(death at this age) 0.00634 0.00809 0.00875 0.00972 0.01126 Sara is applying to Big Rock Insurance Company for her term insurance policy. (a) What is the probability that Sara will die in her 60th year? (Use 5 decimal places.) [removed] Using this probability and the $50,000 death benefit, what is the expected cost to Big Rock Insurance? $ [removed] (b) Repeat part (a) for ages 61, 62, 63, and 64. Age Expected Cost 61 $ [removed] 62 $ [removed] 63 $ [removed] 64 $ [removed] What would be the total expected cost to Big Rock Insurance over the years 60 through 64? $ [removed] (c) If Big Rock Insurance wants to make a profit of $700 above the expected total cost paid out for Sara’s death, how much should it charge for the policy? $ [removed] (d) If Big Rock Insurance Company charges $5000 for the policy, how much profit does the company expect to make? $ [removed]
Why Choose Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
Customer Support 24/7
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission and Business Papers
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Editing and Proofreading
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.