Suppose a life insurance company sells a 300 000 1 year term

Last updated: 10/31/2023

Suppose a life insurance company sells a 300 000 1 year term life insurance policy to a 20 year old female for 280 According to the National Vital Statistics Report 58 21 the probability that the female survives the year is 0 999544 Compute and interpret the expected value of this policy to the insurance company The expected value is