Question: what do you think? Probability Distributions 11. A 27-year-old man purchases a life insurance policy which pays $100,000 at his death. He pays an annual

what do you think?

Probability Distributions 11. A 27-year-old man purchases a life insurance policy which pays $100,000 at his death. He pays an annual premium of $300 for this policy. Suppose a 27-year-old man has a 0.9982 probability of living for at least another year. (a) Put together a table describing the probability distribution for the net payout of the life insurance policy for the 27-year-old man after one year. (b) What is the expected payout of the life insurance policy for the 27-year-old man after one year

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