What is the expected value for the person buying the insurance? Round your answer to the nearest dollar

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.3: Applications: Growth And Decay
Problem 16E
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A 40-year-old man in the U.S. has a

0.249%

risk of dying during the next year. An insurance company charges

$250

per year for a life-insurance policy that pays a

$100,000

death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar. Expected Value; s for the year.

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