STATISTICS 200-A life insurance company sells a $250,000

STATISTICS 200-A life insurance company sells a $250,000

Question # 00398111 Posted By: rey_writer Updated on: 10/01/2016 01:15 AM Due on: 10/01/2016
Subject Statistics Topic General Statistics Tutorials:
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A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old female for $200. According to the National Vital Statistics Report, 58(21), the probability that the female survives the year is 0.999544. What is the expected cost of the insurance policy to the 20-year-old female buyer?

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  1. rey_writer
    Tutorial # 00393231 Posted By: rey_writer Posted on: 10/01/2016 01:15 AM
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