A life insurance company sells a $200,000 1-year term life insurance policy to a 20-year-old female for $150. The probability

Question

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 the
female survives the year is 0.999541. Compute the expected value of this policy to the insurance company.
$40.20
$52.80
$58.80
52.20

Kunduz · Accepted Answer

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