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Title: People in a certain group have a 0.3% chance of dying this year. If a person in this group buys a ... Post by: pirex on Oct 19, 2017 People in a certain group have a 0.3% chance of dying this year. If a person in this group buys a life insurance policy for $3,300 that pays $1,000,000 to her family if she dies this year and $0 otherwise, what is the expected value of a policy to the insurance company?
A) $0 B) $300 C) $3,000 D) $3,300 Title: Re: People in a certain group have a 0.3% chance of dying this year. If a person in this group buys ... Post by: LBCea on Oct 19, 2017 Content hidden
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