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= Homework: Se... Question 8, 5.1.29 HW Score: 58.79%, 6.47 of 11 points Part 2 of 3 Save * Points: 0 of 1 nts There

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= Homework: Se... Question 8, 5.1.29 HW Score: 58.79%, 6.47 of 11 points Part 2 of 3 Save * Points: 0 of 1 nts There is a 0.9985 probability that a randomly selected 32-year-old male lives through the year. A life insurance company charges $191 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. 202 e 2 a. From the perspective of the 32-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? 9 16 The value corresponding to surviving the year is $ - 191 23 The value corresponding to not surviving the year is $ 109809 30 (Type integers or decimals. Do not round.) 6 b. If the 32-year-old male purchases the policy, what is his expected value? ents The expected value is $ (Round to the nearest cent as needed.) eba ontrol ults *IE

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