lucierkylie411 lucierkylie411

26-03-2024
Mathematics

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Suppose a person is looking for a one-year life insurance policy. They decide on a $201751 policy. This policy costs $292 per year. Suppose the probability the person dies in the year is 0.0006. Find the expected value of the policy for the insurance company. Give your answer as a decimal to at least two decimal places.

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