QUESTION 8There is 0.99954 probability that a randomly selected 30-year-old male lives through the year....
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QUESTION 8There is 0.99954 probability that a randomly selected 30-year-old male lives through the year. A Fidelity life insurance companycharges $160 for insuring that the male will live through the year. If the male does not survive the year, the policy pays our $150,000 asa death benefit. If a 30-year-old male purchases the policy, what is his expected value?- $155$92O-$25O - $91
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