Question
5) Homer is getting scared of something horrific happening to him and dying so he goes to get life insurance. He decides that he'll
5) Homer is getting scared of something horrific happening to him and dying so he goes to get life insurance. He decides that he'll most likely die from a lightning strike (1 in 130,000), plane crash (1 in 7000), car accident (1 in 98) or firework accident (1 in 650,000). What's his overall probability of dying from one of these? (Hint: Is there any overlap to subtract?)
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
978-0134730363
