Compute expected gain for policy

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Reference no: EM13119648

Suppose you work for an insurance company and you sell a $10,000 one year policy at an annual premium of $285. Actuarial tables show that the probability of death during the next year for a person of your customer's age, sex,health etc is 0.002. What is the expected gain (amount of money made by the company) for policy of this type?

Reference no: EM13119648

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