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Mathematics, 24.04.2020 16:01 alyssaxsanchez

A life insurance company sells a $275,000 1-year term life insurance policy to a 20-year-old female for $210. According to the National Vital Statistics Report the probability that the female survives the year is 0.99954. Compute and interpret the expected value of this policy to the insurance company.

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A life insurance company sells a $275,000 1-year term life insurance policy to a 20-year-old female...

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