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Suppose a life insurance company sells a 170000 one-year

Suppose a life insurance company sells a $170,000 one-year term life insurance policy to a 22-year old female for $340. The probability that the female survives the year is .999612. Compute and interpret the expected value of this police to the insurance company.

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Finance Basics: Suppose a life insurance company sells a 170000 one-year

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Finance Basics: Suppose a life insurance company sells a 170000 one-year

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