X = age 60 P ( death at this age ) | 0. 01099 61 _0 . 0 1402\\ 62 63 64 _0 . 0 1645 0 . 01927 \\0 . 02 245 Jim is applying to Big Rock Insurance Company for his term insurance policy ." ( a ) What is the probability that Jim will die in his Goth year ? ( Enter a number . Enter your answer to five decimal places . ) 0 . 0 1099 Using this probability and the $50 , 000 death benefit , what is the expected cost to Big Rock Insurance ( in dollars ) ? ( Enter a number . Round your answer to two decimal places . ) $\\549.5 ( b ) What is the expected cost to Big Rock Insurance for years 61 , 62 , 63 , and 64 ( in dollars ) ? ( For each answer , enter a number . Round your answers to two decimal places . ) year 61 $ 701 year 62 $ 822.50 year 63 $ 963.50 year 64 $ 1122.50 What would be the total expected cost to Big Rock Insurance over the years 60 through 64 ( in dollars ) ? ( Enter a number . Round your answer to two decimal places . ) $\\3609.50 ( C ) If Big Rock Insurance wants to make a profit of $ 700 above the expected total cost paid out for Jim's death , how much should it charge for the policy ( in dollars ) ? ( Enter a number . Round your answer to two decimal places . ) $|4309.50 ( d ) If Big Rock Insurance Company charges $ 5000 for the policy , how much profit does the company expect to make ( in dollars ) ? ( Enter a number . Round your answer to two decimal places . ) $\\ 1390.50 | X