There is a 0.9968 probability that a randomly selected 50-ye…
There is a 0.9968 probability that a randomly selected 50-year-old female lives through the year. A Fidelity life insurance company charges $226 for insuring that the female will live through the year. If she does not survive, the policy will pay out $50,000 as a death benefit. If a 50-year-old female purchases the policy, what is the expected value?
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