Suppose a life insurance company sells a $210,000 1-year term life insurance policy to a 20-year-old female for $290. According probability that the female survives the year is 0.999544. Compute and interpret the expected value of this policy to the insurance The expected value is $ (Round to the nearest cent as needed.)

During one year, a particular mutual fund outperformed the S&P 500 index 32 out of 52 weeks. Find the probability that it would perform as well or better again. The probability is (Round to four decimal places as needed.)

A company estimates that 0.7% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $50.If they offer a 2 year extended warranty for $4, what is the company's expected value of each warranty sold?

Suppose a life insurance company sells a ​$230,000 ​one-year term life insurance policy to a 20​-year-old female for ​$370.The probability that the female survives the year is 0.999464. Compute and interpret the expected value of this policy to the insurance company.