Insurance A 26-year-old woman takes out a $12,000 one-year lifeinsurance policy that costs $130. Mortality tables indicate thatthe probability that a 26-year-old women will die within a year is0.009. (Note: the policy is for one year) Create a probabilitymodel for the company’s profit on a 26-year-old woman’s policy anduse it to answer the following questions. Hint: Use yourcalculator

What is the company’s expected profit on such a policy? 

What is the standard deviation for the profit on such a policy?