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supposed a life insurance company sells a $250000 one- year term life insurance
The total cost and total revenue functions for a product areC(q) = 5000000 + 250
September 15, 2020The American Restaurant Association collected information on the number of meals
September 15, 2020supposed a life insurance company sells a $250000 one- year term life insurance policy to a 21-year-old female for $290. The probability that the female survives the year is 0.999522. Comute and interpret the expected value of this policy to the insurance company. The expected value is $_____.
