A 30-year-old man pays $230 for a one-year life insurance policy with coverage of $100,000. If the probability that he will live through the year is 0.9995. What is the expected value for the company for this insurance policy?     Group of answer choices a)-180 b)179.885 c)180 d)-179.885

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A: THE EXPLANATION HAS BEEN GIVEN IN THE ATTACHED FILE.

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.