Question

There is a 0.99840.9984 probability that a randomly selected 3232​-year-old male lives through the year. A life insurance company charges ​$178178 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$80 comma 00080,000 as a death benefit. Complete parts​ (a) through​ (c) below. a. From the perspective of the 3232​-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​ surviving? The value corresponding to surviving the year is ​$nothing. The value corresponding to not surviving the year is ​$nothing. ​(Type integers or decimals. Do not​ round.)

Answer 1