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pirex pirex
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Posts: 634
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6 years 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

Microeconomics


Edition: 6th
Author:
Read 64 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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LBCeaLBCea
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6 years ago
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Thanks for your help!!
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