Question: A 40 -year old man in the U.S. has a 0.244% risk of dying during the next year. An insurance company charges $290 per year

A 40 -year old man in the U.S. has a 0.244% 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? Expected value: for the year

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