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A life insurance salesman operates on the premise that the probability that a man reaching his sixtieth birthday will not live to his sixty-first birthday is 0.06. On visiting a holiday resort for seniors, he sells 12 policies to men approaching their sixtieth birthdays. Each policy comes into effect on the birthday of the insured and pays a fixed sum on death. All 12 policies can be assumed to be mutually independent.Provide answers to the following to 3 decimal places.Part a)What is the expect

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