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Mathematics, 19.10.2021 14:00 Bianca1203

A survivorship policy is issued to a man and a woman. The probability of a man dying in the next year is 0.0028, the probability for a woman is 0.0018. The policy pays $50,000 on one death and $100,000 on two deaths. Assume survival of the man and woman are independent. What is the expected payout in the next year

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A survivorship policy is issued to a man and a woman. The probability of a man dying in the next yea...
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