An insurance company sells a $12,000, five-year term life insurance policy to an individual for $640. Find the expected return for the company if the probability the individual will live for the next five years is 0.98. (Round your answer to the nearest cent.) (Don't Hand writing in solution) .

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A: r = 0.86

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A: Here use definition of statistic.Statistic is use for represent the sample.

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A:

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A: Hence, power = 0.189

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