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The remaining lifetime of an individual in years is discrete uniform with a = 1 and b= 50. If an insurance product offers k if the individual dies in discrete year k (e.g., if they die in the first year, k = 1, they get $1; if they die in the second year, k = 2, they get $2), what is the expected amount received?

The remaining lifetime of an individual in years is discrete uniform with a = 1 and b= 50. If an insurance product offers k if the individual dies in discrete year k (e.g., if they die in the first year, k = 1, they get $1; if they die in the second year, k = 2, they get $2), what is the expected amount received?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!

and b The remaining lifetime of an individual in years is discrete uniform with a = 1 50. If an insurance product offers k if the individual dies in discrete year k (e.g., if they die in the first year, k = 1, they get $1; if they die in the second year, k = 2, they get $2), what is the expected amount received? =
Transcribed Image Text:and b The remaining lifetime of an individual in years is discrete uniform with a = 1 50. If an insurance product offers k if the individual dies in discrete year k (e.g., if they die in the first year, k = 1, they get $1; if they die in the second year, k = 2, they get $2), what is the expected amount received? =
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