A 40-year-old man in the U.S. has a 0.247% risk of dying during the next year. An insurance company charges $250 per year for a

Question

A 40-year-old man in the U.S. has a 0.247% risk of dying during the next year. An insurance
company charges $250 per year for a life-insurance policy that pays a $100,000 death benefit. What
is the expected value for the person buying the insurance? Round your answer to the nearest dollar.
Expected Value: $
for the year

Kunduz · Accepted Answer

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