Question: A 40 year old man in the U.S has a 0.242% risk of dying the next year. An insurance company charges $290 per year for
A 40 year old man in the U.S has a 0.242% risk of dying the next year. An insurance company charges $290 per year for a life insurance policy pays a 100,000 death benefit. What is the expected value for the person buying insurance? Round your answer to the nearest dollar
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