Expected value for the insurance policy


A 28yr old man pays $165.00 for a one year life insurance policy with coverage of $140,000.00. If the probability that he will live thru the year is 0.9994, what is the expected value for the insurance policy?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Expected value for the insurance policy
Reference No:- TGS0680930

Now Priced at $5 (50% Discount)

Recommended (98%)

Rated (4.3/5)