Question #1300214

Statistics help please. What will be the expected value?

A 35 year old woman purchases a $500,000 term life insurance policy for an annual payment of $691. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999057. Find the expected value of the policy for the insurance company

2012-10-27 01:20:28

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