A life insurance company sells a $130,000 1-year term life insurance policy to a 20-year-old female for $180. The probability

Question

A life insurance company sells a $130,000 1-year term life insurance policy to a 20-year-old female for $180. The probability that the female survives the year is 0.999212. Compute the expected value of this policy to the insurance company.
$80.86
$77.56
$63.86
$61.68

Kunduz · Accepted Answer

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