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An employee buys a 50,000 health insurance for 12,000 good for 1 year. Based on his previous health records, the probability that this employee will

An employee buys a 50,000 health insurance for 12,000 good for 1 year. Based on his previous health records, the probability that this employee will be hospitalized in one year is 0.6541. Find the payoff value of the policy.

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