Mathematics, 21.11.2020 07:30 shirlsmith72

Suppose that a life insurance company insures 1,300,000 fifty-year-old people in a given year. (Assume a death rate of 8 per 1000 people. The cost of the premium is $300 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 1,300,000 fifty-year-old people in a given year. (Assu...

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