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Statistics Help
I am helping a friend with her stats homework and its been way too many years for me. Can anyone help? Here is her problem:
The CNA Insurance Company charges Mike $250 for a one year $100,000 life insurance policy. Because Mike is a 21 year old male, there is a 0.9985 probablility that he will live for a year .
Fill the following chart:
X = x P(X = x) x - P(X = x) x^2 - P(X = x)
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