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Assume that life expectancy in your city is normally distributed with a mean of 75 years...

Assume that life expectancy in your city is normally distributed with a mean of 75 years and a standard deviation of 8 years. What is the probability that you will live to be over 100 years old? Now The 2,500,000 cars in your city experience unrecoverable losses of $500,000,000 per year from theft, collisions, etc. If 30% of premiums are used to cover expenses, what premium must be charged to car owners?

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