A 40-year-old man in the U. S. has a 0.241% risk of dying during the next year. An insurance company charges $300 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest cent. Be careful with negative signs. Expected Value: $ for the year
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A 40-year-old man in the U. S. has a 0.241% risk of dying during the next year. An insurance company...
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