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Suppose a life insurance company sells a $180,000 one-year term life insurance policy to a 22-year-old female for $220. The probability that the female survives

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Suppose a life insurance company sells a $180,000 one-year term life insurance policy to a 22-year-old female for $220. 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 $ (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $219.90 on every 22-year-old female it insures for 1 year. O B. The insurance company expects to make an average profit of $137.92 on every 22-year-old female it insures for 1 year. O C. The insurance company expects to make an average profit of $12.54 on every 22-year-old female it insures for 1 month. O D. The insurance company expects to make an average profit of $19.99 on every 22-year-old female it insures for 1 month

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