Suppose a life insurance company sells a ​$170,000 ​1-year term life insurance policy to a 20​-year-old female for ​$170. According to the National Vital Statistics​ Report, 58(21), the probability that the female survives the year is 0.999544. The expected value of this policy to the insurance company is ​$92.48. What is the standard deviation of the value of the life insurance​ policy? Why is the value so​ high?

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