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kramer
3 years ago
13

A 40-year-old man in the U.S. has a 0.24% risk of dying during the next year . An insurance company charges $260 per year for a

life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar.
Mathematics
1 answer:
Anon25 [30]3 years ago
6 0
0.24%=.0024
Expected value=100000 x 0.0024=$240
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