Multiple Choice
Solve the problem.
-A 28-year-old man pays $57 for a one-year life insurance policy with coverage of $100,000. If the probability that he will live through the year is 0.9992, what is the expected value for the insurance policy?
A) -$56.95
B) $99,920.00
C) $23.00
D) $80.00
Correct Answer:
Verified
Correct Answer:
Verified
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