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.

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