The probability that a 28-year-old man in the U.S. will die within one year is approximately 0.001395.

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The probability that a 28-year-old man in the U.S. will die within one year is approximately 0.001395. If an insurance company sells a one-year, $10,000 life insurance policy to such a person for $475, what is the company's expectation? (Round your answer to the nearest dollar.)

Posted Date: May 19, 2024 06:06 AM

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The probability that a 28-year-old man in the U.S. will die within one year is approximately 0.001395.

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