This is a statistics probability question. My full question is below.? -

Suppose that a life insurance company sells a $250,000 one-year term life policy to a 20 year-old male for $350. According to the National Vital Statistics Report, the probability that the male survives the year is 0.998611. Create a distribution table where x represents the amount of profit for the insurance company and compute the expected value or profit of this policy to the insurance company. P( the guy lives ) = P(company gains 350) = 0.998611 P( the guy dies ) = P(company pays (250000 - 350 = 249650)) = 1 - 0.998611 = 0.001389 The expected amount of money the insurance company will pay is: P(gain 350) * P(the guy lives) + P(pays 249650) * P(guy dies) = 350 * 0.998611 + - 249650 * 0.001389 = 2.75 the insurance company can expect to make a $2.75 profit. Asking online people to do your homework is not the best way to pass your class. Actually doing the homework by re-reading the section is one of the best ways to study for a test.