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This Question: 1 pt 3 of 10 (10 complete)Y This Test: 10 pts possibl There is a 0 9991 probability that a randomly selected 30 year-old male lives through the year A lile insurance year If the male does not survive the year, the policy pays out $90,000 as a death benefit Complete parts (a) through (c) below a. From the perspective of the 30-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 $ 0 991 The value corresponding to not surviving the year is s 0 0009 (Type integers or decimals Do not round) b. If the 30-year-old male purchases the policy, what is his expected value? The expected value is $ 81 (Round to the nearest cent as needed) c. Can the insurance company expect to make a profit from many such policies? Why Enter your answer in each of the answer baxes O Type here to 6 4
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