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Suppose a life insurance company sells a $220,000 one-year term life insurance policy to a 22-year-old female for $370. The probability that the female survives

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Suppose a life insurance company sells a $220,000 one-year term life insurance policy to a 22-year-old female for $370. The probability that the female survives the year is 0.999608. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ (Round to two decimal places as needed.)

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