There is a 0.9988 probability that a randomly selected 32-year-old male lives throughout the year. A life insurance company charges $161 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $90,000 as a death benefit. Complete parts  (a) through  (c) below.   a. From the perspective of the 32-year-oldmale, 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 $negative −161. The value corresponding to not surviving the year is $89839 (Type integers or decimals. Do not  round.)   b. If the32 -year-old male purchases the policy, what is his expected value? The expected value is   $nothing. (Round to the nearest cent as  needed.)

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.