Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a...
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Suppose a life insurance company sells a $190,000 one-year term life insurance policy to a 25-year-old female for $290. The probability that the female survives the year is 0.999542. Compute and interpret the expected value of this policy to the insurance company.The expected value is S(Round to two decimal places as needed.)
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