Mathematics, 03.12.2020 08:20 droid5004

A twenty-five-year-old man decides to pay $345 for a one-year insurance policy with coverage for $1,000,000. The probability of him living through the year is 0.9993. What is his expected value for the insurance policy?

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A twenty-five-year-old man decides to pay $345 for a one-year insurance policy with coverage for $1,...

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