People in a Certain Group Have a 0

question 93

Multiple Choice

People in a certain group have a 0.3% chance of dying this year.If a person in this group buys a life insurance policy for $3,300 that pays $1,000,000 to her family if she dies this year and $0 otherwise,what is the expected value of a policy to the insurance company?

• A) $0
• B) $300
• C) $3,000
• D) $3,300

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Definitions:

Patient's Bill

An itemized statement that lists the costs of healthcare services provided to a patient.

Rights

Entitlements or freedoms that are granted to individuals by law, social agreement, or ethical principles.

Healthcare Decisions

Choices made by individuals or their proxies regarding medical treatments and procedures based on personal values, beliefs, and available medical information.

LSD

Lysergic acid diethylamide, a powerful hallucinogenic drug known for its psychological effects.