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There is a 0 0989 probability that a randomly selected 20-year-old male lives through the year A life insurance company charges $197 for insuring that
There is a 0 0989 probability that a randomly selected 20-year-old male lives through the year A life insurance company charges $197 for insuring that the male will live through the year, if the male does not survive the year' the policy pays out $90000 as a death benefit, Complete parts (a) through (c) below, a. From the perspective of the 297yeawid male, what are the monetary values corraponding to the two events of surviving the year and notsurviving? The value corresponding to surviving the year is $ The value corresponding to not survivimg the year is 5 (Type integers or decimals. Do not round.)
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