Multiple Choice
Solve the problem.
-An insurance company says that at age 50 one must choose to take at age at 70 , or at 80 ( death benefit) . The probability of living from 50 to 60 is .83 , from 50 to 70 , .61, and from 50 to . Find the expected value at each age.
A) 60 - $8300
70 - $14,100
80 - $23,500
B) 60 - $6100
70 - $18,300
80 - $23,500
C) 60 - $8300
70 - $24,900
80 - $41,500
D) 60 - $8300
70 - $18,300
80 - $23,500
Correct Answer:

Verified
Correct Answer:
Verified
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