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18. A company has a one-year group life policy that divides its employees into two classes as follows: Class Benefit $20,000 $10,000 Number in Class 1000 500 Probability of Death A0.01 0.03 The insurance company wants to collect a premium that equals the 90th percentile of the distribution of the total claims. Use the CLT to determine what the premium should be?

math   Statistics-And-Probability   
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