It is observed from the life table that the probability that a 40… - Vidyadip

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It is observed from the life table that the probability that a $40$ years old man will live one more year is $0.95.$ Life insurance company wishes to sell one year life insurance policy of $Rs. 10,000$ to such a man. What should be the minimum premium of the policy so that expected gain of the company would be positive ?

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