Answer to Question #331611 in Statistics and Probability for Akisha1

Question

A life insurance company will sell a 1 million three-year term life insurance policy

exclusive in a particular risk group for a premium of ₱2,000.00. Let X denote the

net gain to the company from the sale of one policy.13. How much is the net loss of the insurance company from a policyholder

if his family will avail of the insurance benefits?

A. ₱1,000,000.00

C. ₱998,000.00

B. ₱999, 000.00

D. ₱995,000.00