Ericka R.

asked • 07/10/19

A 28-year old man pays $137 for a one-year lie insurance policy with coverage of $60,000.

A 28-year old man pays $137 for a one-year lie insurance policy with coverage of $60,000. If the probability that he will live through the year the year is 0.9994, what is the expected value for the insurance policy? (Round answer to the nearest cent.)

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