Question: Question Hlp V There is a 0.9983 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $189 for

 Question Hlp V There is a 0.9983 probability that a randomly

Question Hlp V There is a 0.9983 probability that a randomly selected 33-year-old male lives through the year. A life insurance company charges $189 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100,000 as a death benet. 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 $D. The value corresponding to not surviving the year is $l:l. (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 prot from many such policies? Why? [E because the insurance company expects to make an average prot of $D on every 33year-old mate it insures for 1 year. (Round to the nearest cent as needed.)

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