help

[bbernadas]

Suppose a life insurance company sells a 210,000 one-year term life insurance policy to a 21-year-old female for $270. The probability that the female survives the year is
0.999627. Compute and interpret the expected value of this policy to the insurance company.

 

[tkhunny]

[p(death) * (amount of Policy) * (when it is paid)] - premium paid

Only one part of that isn't given particularly clearly.

 

[Steven G]

It would be helpful if you state where you are stuck or at least post your work so that you can receive help.