Question:
Suppose a life insurance company sells a 300 000 1 year term
Last updated: 10/31/2023
![Suppose a life insurance company sells a 300 000 1 year term](https://media.kunduz.com/media/sug-question-candidate/20231030212101341089-6085049.jpg?h=512)
Suppose a life insurance company sells a 300 000 1 year term life insurance policy to a 20 year old female for 280 According to the National Vital Statistics Report 58 21 the probability that the female survives the year is 0 999544 Compute and interpret the expected value of this policy to the insurance company The expected value is