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Mathematics, 12.11.2019 07:31 fruitasticgabs9803
Suppose a life insurance company sells a $240,000 one year term life insurance policy to a 25-year old female for $210. the probability that the female survives the year is .999592. compute the expected value of this policy to the insurance company. i thought i would start with x value of 1 - 12, but i'm lost on what my p(x=x) value will be. i can do these when i'm shown a chart, however i'm lost when asked to do them from a story an example would be appreciated. you in advance
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Suppose a life insurance company sells a $240,000 one year term life insurance policy to a 25-year o...
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