Mathematics, 07.03.2020 00:04 issagirl23
Suppose a life insurance company sells a $250 comma 000 one-year term life insurance policy to a 23-year-old female for $190. The probability that the female survives the year is 0.999584. Compute and interpret the expected value of this policy to the insurance company. The expected value is $.
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Suppose a life insurance company sells a $250 comma 000 one-year term life insurance policy to a 23-...
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