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From actuary tables, Washington Insurance Company determined the likelihood that a man age 25 will die...

From actuary tables, Washington Insurance Company determined the likelihood that a man age 25 will die within the next year is .0002. If Washington Insurance sells 4,000 policies to 25-year-old men this year, what is the probability they will pay on exactly one policy?

Discuss how you derived your answer.

Math   Statistics-And-Probability   
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