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Mathematics, 26.03.2021 19:30 jmallory3031

According to North Carolina Mutual Life Insurance’s mortality table, the probability that a 60-year-old woman will die within one year is 0.05. If she buys a $10,000 one-year term policy for $600, what is NC Mutual’s expected gain or loss?

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According to North Carolina Mutual Life Insurance’s mortality table, the probability that a 60-year-...
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