HMKitchen8321 HMKitchen8321

23-05-2017
Mathematics

contestada

A 40-year-old man in the U.S. has a 0.24% risk of dying during the next year . An insurance company charges $260 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar.

Respuesta :

jorel1380 jorel1380

23-05-2017

0.24%=.0024
Expected value=100000 x 0.0024=$240

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