There is a 0.9991probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $140 for insuring that the male will live through the year. If the...

There is a 0.9991probability that a randomly selected 31-year-old
male lives through the year. A life insurance company charges

$140 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 benefit.

a. From the perspective of the 31-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.)

Jun 02, 2022

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There is a 0.9991probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $140 for insuring that the male will live through the year. If the...

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There is a 0.9991probability that a randomly selected 31​-year-old male lives through the year. A life insurance company charges ​$140 for insuring that the male will live through the year. If the...

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There is a 0.9991probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $140 for insuring that the male will live through the year. If the...