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2. A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics

2. A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report, the probability that the male survives the year is .998734. Compute and interpret the expected value of this policy to the insurance company

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