Mathematics, 19.02.2021 17:40 goldenhawk239
At many airports, a person can pay a company called Travelex $22 for a $300,000 life
insurance policy covering the duration of the flight. In other words, the insurance
company pays $300,000 if the insured person dies from a possible flight crash;
otherwise if the person lives they get nothing. Suppose that past records indicate the
probability of dying in a plane crash is .00000045. How much can the company
expect to gain/lose on 100,000 policies?
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At many airports, a person can pay a company called Travelex $22 for a $300,000 life
insurance poli...
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