WestCoast MATH211 2020 April Week 5 Discussion Latest

Question # 00757833 Posted By: rey_writer Updated on: 04/18/2020 12:57 PM Due on: 04/18/2020
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MATH211 Statistics

Week 5 Discussion

Maybe you have considered buying a term life insurance policy. The expected value of any term life insurance product yields a positive expected value for the insurance company and a negative expected value for you, meaning the insurance company will make profits by selling their insurance products. Would you still buy the term life insurance? Why or why not? Are there other examples other than insurance that uses this same concept?

 

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