Suppose a life insurance company sells a $ one-year term life insurance policy to a -year-old female for $. The probability that the female survives the year is . Compute and interpret the expected value of this policy to the insurance company. In the Show Work window, set up the probability distribution you used to calculate the expected value.

The answer is "$ 281.65"

Step-by-step explanation:

It chances of women surviving the year are  

The possibility of the woman staying in the year is:

Unless the woman survives, the company will turn a profit

When a woman dies, the business loses:

Calculate the assurance company's estimated benefit of the scheme:  

The assurance company anticipated the importance of the policy:

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