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Suppose a life insurance company sells a $120,000 one-year term life insurance policy to a 18-year-old female for $150. The probability that the female survives
Suppose a life insurance company sells a $120,000 one-year term life insurance policy to a 18-year-old female for $150. The probability that the female survives the year is 0.999356. Compute and interpret the expected value of this policy to the insurance company. Please round to the nearest hundredth. The insurance company Answer Answer an average profit of $Answeron Answer 18-year-old female it insures for 1 year
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