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Suppose a life insurance company sells a $230,000 one-year term life insurance policy to a 25 -year-old female for $
Posted: Tue Jul 05, 2022 9:18 am
by answerhappygod
Suppose a life insurance
company sells a $230,000 one-yearterm life insurance policy to a 25 -year-old female for $180 .The probability that the female survives the year is 0.999518 .Compute and interpret the expected value of this policy to theinsurance
company.