Mathematics, 18.10.2021 06:50 rodrickahammonds

Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 23-year-old female for $220. The probability that the female survives the year is 0.999555. Compute and interpret the expected value of this policy to the insurance company.

Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 23-year-

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