Mathematics, 26.11.2021 03:10 lexy5211
A 26 year old male pays $351 for a 1-year $180,000 life insurance policy.
(A) What is the expected value of the policy for the policyholder?
(B) What is the expected value of the policy for the insurance company?
(C) Suppose the insurance company sells 10, of these policies . What is the expected value of the policies for the insurance company ?
Answers: 1
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A 26 year old male pays $351 for a 1-year $180,000 life insurance policy.
(A) What is the expected...
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