Answers
Probability that the female survives=0.999474
Probability that the female doesn't survive=1-0.999474=0.000526
So the Expected Value becomes,
E(X)=P(female survives)*230-P(female doesn't survive)*230000
E(X)=0.999474*230-0.000526*230000
E(X)=$108.89902
This is the expected value of the policy for the insurance company
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