SOLUTION: A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report, the probability that
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Question 1142812: A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report, the probability that the 20-year-old male survives the year is 0.998734. Compute the expected value of this policy for the insurance company
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
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You can do the arithmetic yourself.
John
My calculator said it, I believe it, that settles it
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