Question: There is a 0.9989 probability that a randomly selected 33-year-old make lives through the year. A life insurance company charges $195 for insuring that the

There is a 0.9989 probability that a randomly selected 33-year-old make lives through the year. A life insurance company charges $195 for insuring that the male will live through the year. if the male does not survive the year, the policy pays out $80,000 as a death benefit. If the 33-year-old male purchases the policy, what is his expected value?

Expected value = $

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