There is a 0.9988

0.9988 probability that a randomly selected 27

27?-year-old male lives through the year. A life insurance company charges ?$156

156 for insuring that the male will live through the year. If the male does not survive the?year, the policy pays out ?$120 comma 000

120,000 as a death benefit. Complete parts?(a) through?(c) below.

a. From the perspective of the 27

27?-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

.

Homework: Section 5.1 Homework Score: 0 of 1 pt 4 11 of 13 (11 complete) v } HW Score: 76.41 915, 9.93 of 13 pts 5.1.29 3 Question Help I} There is a 0.9933 probability that a randomly selected 27-year-old male lives through the year. A life insurance company charges $156 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 benet. Complete parts (a) through (c) below. a. From the perspective of the 27-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.) Enter your answer in the edit fields and then click Check Answer.