What is the average gain of the company per policy

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An insurance company offers a policy for a $100,000 in the case of death during a calendar year for its young customers. The cost of the policy is $250. If a young customer does not survive a calendar year with probability 0.0017 what is the average gain of the company per policy?

Reference no: EM131214579

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What is the average gain of the company per policy : An insurance company offers a policy for a $100,000 in the case of death during a calendar year for its young customers. The cost of the policy is $250. If a young customer does not survive a calendar year with probability 0.0017 what is the average ..

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