## 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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