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stira [4]
3 years ago
11

An insurance company will only sell its Select policy to people for whom the probability of a stroke in the next ten years is le

ss than .01. If a smoker with a systolic blood pressure of 230 applies for a Select policy, under what condition will the company sell him the policy if it adheres to this standard?
Business
1 answer:
Arturiano [62]3 years ago
7 0

Answer:

The insurance company would only sell the Select Policy insurance to a smoker with systolic blood pressure of 230 if after carrying out a medical test, t was found out that, the probability of him or her having a stroke is actually less than 0.01.

<em>This is to insure that, the smoker didn't capitalise on his dying nature in-order to obtained the insurance thereby defrauding the insurance company.</em>

Explanation:

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