There is 0.998615 probability that a randomly selected

Last updated: 7/11/2022

There is 0.998615 probability that a randomly selected 20-year-old male lives through the year. A Fidelity life insurance company charges $178 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $110,000 as a death benefit. If a 20-year-old male purchases the policy, what is his expected value? $32.65 -$29.61 - $26.10 -$25.65