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Finding the mean profit for an insurance policy expected value example 64
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=37Vlb27QKcA
In this video, we calculate the expected profit for a life insurance policy. The expected value of a discrete random variable, X, is the same as the mean value of x, so we are determining the average outcome for these types of bets in roulette. • This video is part of the content available for free at https://www.statsprofessor.com
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