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Mathematics, 30.06.2020 18:01 Angelahum5356
Insurance Company is deciding whether to insure the lives of those leading a quest to Moria. Based on past experience, the probability of surviving such a quest is 99.9%. If it charges a premium of 5,852 silver coins and would pay a death benefit of 67,329 silver coins if the insured were to die, what is the expected value of this insurance policy to the insurance company?
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Insurance Company is deciding whether to insure the lives of those leading a quest to Moria. Based o...
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