09-10-2022
Mathematics

Answered

A 40-year-old man in the U.S. has a 0.249% risk of dying during the next year. An insurance company
charges $250 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 cent. Be careful with negative
signs.
Expected Value: $
for the year

Answer :

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