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Business, 17.03.2020 19:30 heavendl13

Suppose a life insurance company sells a $280 comma 000 one-year term life insurance policy to a 24-year-old female for $260. The probability that the female survives the year is 0.999529. Compute and interpret the expected value of this policy to the insurance company.

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Suppose a life insurance company sells a $280 comma 000 one-year term life insurance policy to a 24-...

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