According to an insurance company, the probability that a

Last updated: 8/11/2022

According to an insurance company, the probability that a woman will survive one year is 0.992, and the probability that she will die in one year is 0.008. If she buys a $10,000 one-year term policy for $100, what is the company's expected gain or loss? What can the company expect? A. Gain of $20.00 B. Loss of $20.00 C. No gain or loss