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There is a 0.99966 probability that a randomly selected 20-year-old female lives through the year. An insurance company wants to offer her a one-year policy
There is a
0.99966
probability that a randomly selected
20-year-old
female lives through the year. An insurance company wants to offer her a one-year policy with a death benefit of
$900,000.
How much should the company charge for this policy if it wants an expected return of
$400
from all similar policies?
Question content area bottom
Part 1
The company should charge
$enter your response here.
(Round to the nearest dollar.)
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