There is a 0.9991 probability that a randomly selected 31​-year-old male lives through the year. A life insurance company charges ​$171 for insuring that the male will live through the year. If the male does not survive the​ year, the policy pays out ​$120000 comma 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?
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?