Solve the problem.At age 50, Ann must choose between taking $21,000 at age 60 if she is alive then, or $30,000 at age 70 if she is alive then. The probability for a person aged 50 living to be 60 and 70 is .83 and
, respectively. Using expected value, what is Ann's best option?
A. $21,000 at age 60
B. $30,000 at age 70
Answer: B
Mathematics
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