Provide an appropriate response. 12) A 28-year-old man pays $165 for a one-year life insurance policy with coverage of $140,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance company?

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Q: 7. Jerry paid $2 for a bet on a horse. If his horse wins the race, Jerry will win $100. Find the…

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A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

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