What is the expected gain for the insurance company


Suppose a life insurance company sells a 27-year old woman a $10,000 one-year life insurance policy for $300. If the probability that she dies in the coming year is 0.001, what is the expected gain for the insurance company?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What is the expected gain for the insurance company
Reference No:- TGS0120113

Expected delivery within 24 Hours