A life insurance company sells a $250,000 1-year term life insurance policy to a 20-year-old male for $350. According to the National Vital Statistics Report, 58(21), the probability that the male survives the year is 0.998734. Compute and interpret the expected value of this policy to the insurance company.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now