Life insurance policy with coverage


A 28-year-old man pays $159 for one-year life insurance policy with coverage of $140,000. If the probability that he will live through the year is 0.9992, what is the expected value for the insurance policy?

a) -$47.00
b) $112.00
c) -$158.87
d) $2139,888.00

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Basic Statistics: Life insurance policy with coverage
Reference No:- TGS0865694

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