SOLUTION: A life insurance company sells a 150,000 one year term life insurance policy to a 35 year old male for 300$. The probability that a 35 year old male survives the year is 0.998725.
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-> SOLUTION: A life insurance company sells a 150,000 one year term life insurance policy to a 35 year old male for 300$. The probability that a 35 year old male survives the year is 0.998725.
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Question 917017: A life insurance company sells a 150,000 one year term life insurance policy to a 35 year old male for 300$. The probability that a 35 year old male survives the year is 0.998725. Compute and interpret the expected value for the insurance company Answer by ewatrrr(24785) (Show Source):
