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Mathematics, 25.03.2020 01:59 liln223
Suppose a life insurance company sells a $200000 one-year term life insurance policy to a 21-year-old female for $230. The probability that the female survives the year is 0.999554. Compute and interpret the expected value of this policy to the insurance company.
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Suppose a life insurance company sells a $200000 one-year term life insurance policy to a 21-year-ol...
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