document.write( "Question 1195673: A 40-year-old man in the U.S. has a 0.24% risk of dying during the next year . An insurance company charges $290 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar.\r
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Algebra.Com's Answer #828215 by ikleyn(52778) $\"\"$ $\"About$

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document.write( "The expected value for a person buying the insurance is\r\n" );
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document.write( "    0.0024*10000 - 290 = -50 dollars.    ANSWER\r\n" );
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document.write( "He (or she) pays to the insurance company 50 dollars this year for peace in his (or her) mind.\r\n" );
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