KelsMuffernizducky KelsMuffernizducky

15-05-2017
Mathematics

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A 28-year-old man pays $165 for a one-year life insurance policy with coverage of $140,000. If the probability that he will live through the year is 0.9994, what is his expected value for the insurance policy?

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BobbieWasabi BobbieWasabi

15-05-2017

Seems like you just have to find the amount of money he will get so the answer is 139,916.

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