A life insurance company sells a $200,000 1-year term life insurance policy to a 20-year-old...
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A life insurance company sells a $200,000 1-year term life insurance policy to a 20-year-old female for $150. The probability that thefemale survives the year is 0.999541. Compute the expected value of this policy to the insurance company.$40.20$52.80$58.8052.20
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