An insurance policy sells for $600. Based on pastdata, an average of 1 in 50 policyholders will file a $15,000 claim, an average of 1 in 250 policyholders will file a $30,000 claim, and an average of 1 in 400 policyholders will file a $70,000 claim. Find the expected value(to thecompany) per policy sold. If the company sells 10,000 policies, what is the expected profit orloss?

What is the expected value _________ ?