An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200 yuan per year. If the client died in this year, the company paid out the beneficiary of 10,000 yuan. The mortality rate for the client is 0.017 , and what is the probability of the insurance company will deficit in this year?
An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200 yuan per year. If the client died in this year, the company paid out the beneficiary of 10,000 yuan. The mortality rate for the client is 0.017 , and what is the probability of the insurance company will deficit in this year?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200 yuan per year. If the client died in this year, the company paid out the beneficiary of 10,000 yuan. The mortality rate for the client is 0.017 , and what is the probability of the insurance company will deficit in this year?
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