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An insurance company will sell a 800,000.00 one-year term legs insurance policy for ramp models for a premium of 50,000.00. Find the expected value to

An insurance company will sell a 800,000.00 one-year term legs insurance policy for

ramp models for a premium of 50,000.00. Find the expected value to the company

of a single policy if a model has a 99.96% chance of being uninjured in one year?

a. Construct the probability distribution of X.

b. Find the expected value of X, then interpret

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