Mathematics, 02.11.2020 17:00 kaileyy06
An insurance company sells a one-year term life insurance policy to an 80-year-old woman. The woman pays a premium of $1000. If she dies within one year, the company will pay $18,500 to her beneficiary. According to the company's statistics department, the probability that an 80-year-old woman will be alive one year later is 0.9581. Find the expected value of the insurance company's profit.
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An insurance company sells a one-year term life insurance policy to an 80-year-old woman. The woman...
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