An insurance policy sells for $1200. Based on pastdata, an average of 1 in 100 policyholders will file a $20,000 claim, an average of 1 in 250 policyholders will file a $40,000 claim, and an average of 1 in 400 policyholders will file an $80,000 claim. Find the expected value(to thecompany) per policy sold. If the company sells 30,000 policies, what is the expected profit orloss?

The expected value is _______________ ?