Ask Question
22 March, 14:42

A 28-year-old man pays $181 for a one-year life insurance policy with coverage of $150,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy?

+3
Answers (1)
  1. 22 March, 18:21
    0
    Expected value E (x) = 0.9994 (150000 - 181) = 0.9994 x 149819 = $149,729.11
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A 28-year-old man pays $181 for a one-year life insurance policy with coverage of $150,000. If the probability that he will live through ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers