Mathematics, 31.07.2019 03:30 valenzueladomipay09u

Suppose a life insurance company sells a $250,000 one-year term life insurance policy to a 20-year-old female for $320. the probability that the female survives the year is 0.999647. compute and interpret the expected value of this policy to the insurance company.

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Suppose a life insurance company sells a $250,000 one-year term life insurance policy to a 20-year-o...