There is 0.99986 probability that arandomly selected 30-year-old male livesthrough the year. A Fidelity life insurancecompany charges $270 for insuring that themale will live through the year. If the maledoes not survive the year, the policy paysour $125,000 as a death benefit. If a 30-year-old male purchases the policy, what ishis expected value?$15- $95- $21- $31

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Answered: There is 0.99986 probability that a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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There is 0.99986 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance company charges $270 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $125,000 as a death benefit. If a 30-