Question: there is a 0.99967 probability that a randomly selected 29- year old female lives through the year. An insurance company wants to offer her a
there is a 0.99967 probability that a randomly selected 29- year old female lives through the year. An insurance company wants to offer her a one-year policy with a death benefit of $600,000. How much should the company charge for this policy if it wants an expected return of $300 from all similar policies? The company should charge $__ (Round to the nearest dollar)
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