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April 20, 2014

Homework Help: Probability

Posted by Anonymous on Sunday, July 10, 2011 at 12:55pm.

A 30 year old can buy $25,000 life insurance for $15/month. If the probability that the 30 year old will die is 0.14% find the insurance companies expected profit for the policy. (I want this in terms of their annual expectation-not monthly expectation)

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