Suppose a life insurance company sells a
$210 comma 000210,000
1-year term life insurance policy to a
2020-year-old
female for
$180180.
According to the National Vital Statistics Report, 58(21), the probability that the female survives the year is
0.9995440.999544.
Compute and interpret the expected value of this policy to the insurance company.
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Part 1
The expected value is
$enter your response here.
(Round to the nearest cent as needed.)