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There is a 0.9985 probability that a randomly selected 32?-year-old male lives through the year. A life insurance company charges ?$190 for insuring that the
There is a 0.9985 probability that a randomly selected 32?-year-old male lives through the year. A life insurance company charges ?$190 for insuring that the male will live through the year. If the male does not survive the? year, the policy pays out ?$120,000 as a death benefit. Complete parts? (a) through? (c) below.
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