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Business, 14.05.2021 17:00 Dweath50

THIS QUESTION HAS NOTHING TO DO WITH ANY OTHER QUESTION! An insurance company sold 4,500 policies ($100,000 payout value) this year. The probability of death for each person has been determined to be .004. The company charges $400 for each policy. What value of \lambda would we use for this problem

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THIS QUESTION HAS NOTHING TO DO WITH ANY OTHER QUESTION! An insurance company sold 4,500 policies ($...
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