There is a 0.9987 probability that a randomly selected 29​-year-old male lives through the year. A life insurance company charges ​$157 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$110,000 as a death benefit. Complete parts​ (a) through​ (c) below. a. From the perspective of the 29​-year-old ​male, what are the monetary values corresponding to the two events of surviving the year and not​ surviving?
The value corresponding to surviving the year is ​$nothing.
The value corresponding to not surviving the year is ​$nothing.