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Mathematics, 18.03.2020 02:56 jumpman2344
According to a life insurance company's mortality table, the probability that a woman of a certain age will survive 1 year is 0.997 and the probability that she will die within 1 year is 0.003. If she buys a $30 comma 000, 1-year policy for $300, what is the company's expected gain or loss?
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