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Mathematics, 08.04.2020 03:06 musdaher
Suppose a life insurance company sells a $260 comma 000 one-year term life insurance policy to a 19-year-old female for $250. The probability that the female survives the year is 0.999638. Compute and interpret the expected value of this policy to the insurance company.
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Suppose a life insurance company sells a $260 comma 000 one-year term life insurance policy to a 19-...
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