Mathematics, 10.03.2020 04:40 Randomkid0973

"There is a 0.9988 probability that a randomly selected 30-year-old male lives through the year. A life insurance company charges $171 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $100 comma 000 as a death benefit.

From the perspective of the 30-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving?

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"There is a 0.9988 probability that a randomly selected 30-year-old male lives through the year. A l...