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The probability that an 18-year old will die within the 1 year is approximately 0.000753. Suppose that the premium for a 1-year, 10,000 life insurance
The probability that an 18-year old will die within the 1 year is approximately 0.000753. Suppose that the premium for a 1-year, 10,000 life insurance policy for an 18-year old is $35. What is the insurance company's expectation for this policy (in dollars)
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