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wrote...
Posts: 634
A year ago
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
Textbook 

Microeconomics

Edition: 6th
Author:
Read 28 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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A year ago
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