Brandybuck insurance company (bic) is deciding whether to insure the lives of those leading a quest to moria. based on past experience, the probability of surviving such a quest is 99.4%. if bic charges a premium of 8,712 silver coins and would pay a death benefit of 96,910 silver coins if the insured were to die, what is the expected value of this insurance policy to bic?
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Brandybuck insurance company (bic) is deciding whether to insure the lives of those leading a quest...
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