7. There is a 0.9986 probability that a randomly selected 30-year old males lives through the year (based on data from the US Dept. of Health and Human Services). A Fidelity life insurance company charges $161 for insuring the male will live through the year. If the male does not survives the year, the policy pays out $100,000 as a death benefit. (10 pts) a) From the perspective of the 30-year old male, what are the values corresponding to the two events of surviving the year and not surviving? b) If a 30- year old male purchases the policy, what is his expected value? c) Can the insurance company expect to make a profit from many such policies? Why?Lab Questions: Draw each probability table to answer the following