A life insurance company sells a $100,000 one-year term life insurance policy to a 35-year-old male for

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A life insurance company sells a $100,000 one-year term life insurance policy to a 35-year-old male for $200. According to the National Vital Statistics Report, 56(9), the probability the male survives the year is 0.998725. Compute and interpret the expected value of this policy to the life insurance company.
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Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

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