There is a 0 9985 probability that a randomly selected 33

Last updated: 10/9/2023

There is a 0 9985 probability that a randomly selected 33 year old male lives through the year A life insurance company charges 199 for insuring that the male will live through the year If the male does not survive the year the policy pays out 120 000 as a death benefit Complete parts a through c below a From the perspective of the 33 year old male what are the monetary values corresponding to the two events of surviving the year and not surviving The value corresponding to surviving the year is The value corresponding to not surviving the year is Type integers or decimals Do not round b If the 33 year old male purchases the policy what is his expected value The expected value is Round to the nearest cent as needed c Can the insurance company expect to make a profit from many such policies Why because the insurance company expects to make an average ofit of on every 33 year old male it insures for 1 year Round to the nearest cent as needed