About the life insurance policy

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Reference no: EM131090941

A man pays $160 a year for a life insurance policy with a coverage of $145,000 payable to his survivor upon his death. The probability that he will live through the year is 0.9992.

a. Supply the probability table for this problem. (In this case the outcomes X are the possible payouts (positive or negative) the man might receive.

Reference no: EM131090941

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