MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question

An insurance company offers a $50,000 life insurance policy to people age 30 for $200. The offer
the same policy to 50 year olds for $300. If the probability a 30 year olds dies within one year is
0.0018, and the probability of someone 50 years of age is 0.0049 explain which policies the
insurance company will make the largest profit.

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