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Mathematics, 03.05.2021 06:30 theojw

Suppose that a life insurance company insures 4100 fifty-year-old people in a given year. (Assume death rate of 7 per 1000 people.) The cost of the premium is $400 per year, and the death benefit is $60,000. What is the expected profit or loss for the insurance company?

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Suppose that a life insurance company insures 4100 fifty-year-old people in a given year. (Assume de...
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