QUESTION 8 There is 0.99954 probability that a randomly

Last updated: 7/11/2022

QUESTION 8 There is 0.99954 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance company charges $160 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $150,000 as a death benefit. If a 30-year-old male purchases the policy, what is his expected value? - $155 $92 O-$25 O - $91