A 28-year-old man pays $207 for a one-year life insurance policy with coverage of $70,000.
If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy?
A 28-year-old man pays $207 for a one-year life insurance policy with coverage of $70,000.
If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy?
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