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An insurance company offers Mississippi adults between the ages of 25 and 34 a $100,000 life insurance policy for $216 a year. According to the
An insurance company offers Mississippi adults between the ages of 25 and 34 a $100,000 life insurance policy for $216 a year. According to the national vital statistics report, the probability that an adult between the ages of 25 to 34 in Mississippi survives the year is 0.998272.
If the insurance company has 10,000 customers with these life insurance policies in Mississippi what is it's profit at the end of the year? Show all work.
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