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Suppose a life insurance company sells a $280,000 one-year term life insurance policy to a 23-year-old female for $180. The probability that the female survives

Suppose a life insurance company sells a $280,000 one-year term life insurance policy to a 23-year-old female for $180. The probability that the female survives the year is 0.999517. Compute and interpret the expected value of this policy to the insurance company.

The expected value is $..........

Round to two decimal places

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