a. From the perspective of the 31-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? b. If the 31-year-old male purchases the policy, what is his expected value? c. Can the insurance company expect to make a profit from many such policies? Why? There is a 0.9986 probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $175 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out$100,000 as a death benefit. Complete parts (a) through (c) below.a. From the perspective of the 31-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 $The value corresponding to not surviving the year is $(Type integers or decimals. Do not round.)

The value corresponds to surviving the year is = charges incurred by the man for taking life…

From the perspective of the 31-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? he value corresponding to surviving the year is $ he value corresponding to not surviving the year is $. Type integers or decimals. Do not round.)

From the perspective of the 31-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? he value corresponding to surviving the year is $ he value corresponding to not surviving the year is $. Type integers or decimals. Do not round.)

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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