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Suppose a life insurance company sells a ​$190,000 ​one-year term life insurance policy to a 20​-year-old...

Suppose a life insurance company sells a ​$190,000 ​one-year term life insurance policy to a 20​-year-old female for ​$330. The probability that the female survives the year is 0.999502. Compute and interpret the expected value of this policy to the insurance company.

Math   Statistics-And-Probability   
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TOPIC:Expectation of random variables .

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