statistic problem

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Hey Math genius, I would appreciate if you help me with my stat problem: an insurance company offers to sell you a life insurance policy which will pay your beneficiary $ 100,000 if you die. They estimate that the probability that you will die in the next year is 0.00052. If the company wants to expect to make a profit on the policy,then how much do they have to charge per year? Thanks in advace!

stat 012 · Jul 11, 2012 9:41 AM · 1,135 views

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