Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 25-year-old female for $290. The

Question

Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 25-year-old female for $290. The probability that the female survives the year is 0.999542. Compute and interpret the expected value of this policy to the insurance company.
The expected value is S
(Round to two decimal places as needed.)

Kunduz · Accepted Answer

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