1. The remaining lifetime of an individual in years is discrete uniform with a = 1 and...
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1. The remaining lifetime of an individual in years is discrete uniform with a = 1 and b = 50. If an insurance product offers k if the individual dies in discrete year k (e.g., if they die in the first year, they get $1: if they die in the second year, they get $2), what is the expected amount received?
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