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Mathematics, 25.09.2021 09:00 randallcraig27

Problem: A life insurance company is offering a $100,000 one-year life insurance policy to Jayne, who is a 54-year old nonsmoking female in good health. The probability that Jayne will survive the year is 0.998. You are hired by the insurance company to set a premium for this policy, what should be the premium be?

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