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Suppose a life insurance company sells a 300 000 1 year term life insurance policy to a 20 year old female for 280 According to

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Suppose a life insurance company sells a 300 000 1 year term life insurance policy to a 20 year old female for 280 According to the National Vital Statistics Report 58 21 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

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