Which of the Following Individual Situations Would Best Justify the Cost

question 60

Multiple Choice

Which of the following individual situations would best justify the cost of a life insurance policy?

• A) Single income with young children.
• B) Single income, no dependents.
• C) Dual income, grown children.
• D) Married couple, each had substantial income before retirement.

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Definitions:

Probability

An indication of how probable an event is to happen, represented by a numerical value ranging from 0 to 1.

Red Die

A single six-sided gaming cube that is red, typically used in board games and probability exercises.

Green Die

A dye or pigment that produces a green color, potentially used in manufacturing or artistic applications.

Independent

Not influenced by or contingent on something else; in statistics, two events are independent if the occurrence of one does not affect the probability of the other.