document.write( "Question 1126599: A 28-year-old man pays $189 for a one-year life insurance policy with coverage of $100,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy? \n" ); document.write( "
Algebra.Com's Answer #742944 by FrankM(1040)![]() ![]() You can put this solution on YOUR website! The chance he'll die is .0006.\r \n" ); document.write( "\n" ); document.write( ".0006 * 100,000 = $60\r \n" ); document.write( "\n" ); document.write( "$60 is the expected payout. \n" ); document.write( " |