Mathematics, 04.06.2020 16:57 alee885
There is a 0.9986 probability that a randomly selected 30 year old male lives through the year (based on data from the US department of Health and Human Services). A Fidelity life insurance company charges $161 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benefit. If a 30 year old male purchases the policy, what is his expected value?
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There is a 0.9986 probability that a randomly selected 30 year old male lives through the year (base...
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