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A life insurance company is offering Anna a $100,000 life insurance policy for $300. The insurance actuary has calculated that the probability of death within a year of a 30 year old woman is 0.00064.
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A life insurance company is offering Anna a $100,000 life insurance policy for

$300. The insurance actuary has calculated that the probability of death within
a year of a 30 year old woman is 0.00064. Determine the expected value of the
insurance policy to Anna.

User Joe Constant
by
5.5k points

1 Answer

3 votes
Excellent 43.0000
Answer 8747744748848833773737374758
User Fkreusch
by
4.3k points
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