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Suppose a life insurance company sells a $230,000 1-year term life insurance policy to a 20-year-old female for $220. According to the National Vital Statistics

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Suppose a life insurance company sells a $230,000 1-year term life insurance policy to a 20-year-old female for $220. According to the National Vital Statistics Report, 58(21), the probability that the female survives the year is 0.999544. The expected value of this policy to the insurance company is $115.12. What is the standard deviation of the value of the life insurance policy? Why is the value so high? . . . The standard deviation of the value of the life insurance is $. (Round to the nearest dollar as needed.)

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