document.write( "Question 1143578: A 28-year-old man pays $162 for a one-year life insurance policy with coverage of $80,000. If the probability that he will live through the year is 0.999. what is the expected value for the insurance policy? Round to the nearest dollar. \n" ); document.write( "
Algebra.Com's Answer #764416 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! E(X)=-0.999(162)+80000(0.001) \n" ); document.write( "=-161.84+80 \n" ); document.write( "=-81.84 or -$82. \n" ); document.write( " |