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The probability that a 80 year old male in the u.s. will die within one year is approximately 0.069941. If an insurance company...Question
The probability that a 22-year-old female in the U.S. will die within one year is approximately 0.00044. If an insurance company sells a one-year, $30,000 life insurance policy to such a person for $295, what is the company's expectation?
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