Mathematics, 12.11.2020 19:10 ricardoamora54
An insurance company has written 100 policies for $75,000, 500 policies for $25,000, and 1000 policies for $10,000 for people of age 20. If experience shows that the probability that a person will die at age 20 is 0.0015, how much can the company expect to pay out during the year the policies were written? The company can expect to pay out $ over the year after the policies were written.
Answers: 3
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An insurance company has written 100 policies for $75,000, 500 policies for $25,000, and 1000 polici...
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