Insurance coverage is extremely important to protect from unpredictable events that can dramatically alter life situations. Accidents and illness and other unforeseen events can happen to anyone at anytime. To protect from unfortunate situations and protect loved ones from difficulties insurance coverage plays a very important role. Insurance is highly recommended to people of all ages and there is an insurance coverage to cover most situations or events.
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statistics question can you help me?
a 35 yr old woman purchases a $100,000 term life insurance policy for an annual payment of $360. based on a period life table for the US gov. the probability that she will survive the year is 0.999057. Find the expected value of the policy for the insurance company.
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LIFE INSURANCE STATISTICS?
a 35 yr old woman purchases a $100,000 term life insurance policy for an annual payment of $360
Based on a period of 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.
PLEASE SHOW YOUR WORK THANKS
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Expected gain in math? quick help please.?
A woman purchased a $10,000,1-yr term-life insurance policy for $130.Assuming that the proba-bility that she will live another year is .992,find the company?s expected gain.
How do I do this? I know it's simple, but I can't find anything like this in my notes. Please help. Thank you :)
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