Solve the problem.At age 50, Ann must choose between taking $21,000 at age 60 if she is alive then, or $31,000 at age 70 if she is alive then. The probability for a person aged 50 living to be 60 and 70 is 0.85 and , respectively. Using expected value, what is Ann's best option?

A. $31,000 at age 70
B. $21,000 at age 60


Answer: A

Mathematics

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