Part III: What is the death probability of a 25-year-old written as a decimal and percent? Part IV: What is the probability that a 22-year-old will be alive in 1 year? Give your answer as a decimal and percent. Part V: Marvin's company has issued a life insurance policy to a 19-year-old client that will pay out $65,000 if the client dies within the next year. The administrative costs for the policy are $45. What is the premium of the policy? 1:16 8. Marvin works for a life insurance company and has been given the following data. EXPECTED DEATHS PER 100,000 ALIVE AT SPECIFIED AGE Expected Deaths Within 1 Year Expected to be Alive in 1 Year 63 99.937 99.921 99.909 99.901 99.897 99.894 99.890 99.887 99.885 99.883 99.882 99.880 99.877 99.873 99.868 99.685 99.659 99.629 99.595 99.557 Marvin's boss has asked him to perform some calculations and determine some probabilities. Help Marvin out by answering the questions below. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point) Part I: Out of 175,000 26-year-olds, how many are expected to die within the next year? Part II: Out of 400,000 48-year-olds, how many are expected to be alive in a year? Part III: What is the death probability of a 25-year-old written as a decimal and percent