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ProbabilityQ&A LibraryA 40-year-old man in the U.S. has a 0.245% risk of dying during the next year . An insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the insurance company? Round your answer to the nearest dollar.Start your trial now! First week only $4.99!*arrow_forward*

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A 40-year-old man in the U.S. has a 0.245% risk of dying during the next year . An insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the insurance company? Round your answer to the nearest dollar.

Expected Value: $_______for the year

I need help

Expected Value: $_______for the year

I need help

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