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A 2-year term insurance policy on (50), with a constant death benefit of 1000, is purchased by two-level annual premiums. Policyholders who choose to lapse the policy at time 1 will receive 1V as a cash value. Assume that mortality and interest follow the projected pattern, and that the premium charged is the net premium. Suppose, however, that a typical group of people age 51 who have purchased insurance at age 50 can be divided into two groups. Half of them are healthy and half are not. The non-healthy group can expect to have twice as many deaths over the following year as the healthy group. Suppose that q51 = 0.03. What is the loss on each remaining policy for the second year, assuming:
(a) All of the healthy policyholders at age 51 lapse the policy at that time, and none of the unhealthy ones do;
(b) One-half of the healthy policyholders, and one-quarter of the unhealthy policy- holders, lapse the policy at age 51.
In a sample of 1200 police officers, the mean annual salary was $33,000 and the standard deviation was $3200. A random sample of size 70 is drawn from this population. What is the probability that the mean annual salary is between $32,000 and $32,..
a survey was conducted at a local high school to determine the number of hours that a student studied for the final
at year-end 2013 wallace landscapings total assets were 2.17 million and its accounts payable were 560000. sales
the selection of a proper seller is critical to the success of a project. all of the below would be considered good
In this forum post provide your results also elucidate what they mean in context of your favorite channel. To find 95 percent confidence interval for given data.
What is the probability that a cereal would both high calorie and high fiber? In other words, what is P(high calorie and high fiber)?
Using quadratic regression model find the estimated number of planes.
A study has been made to compare the nicotine contents of two brands of cigarettes. Ten cigarettes of Brand A have an average nicotine content of 3.1 milligrams with a standard deviation of .5 milligrams
Recognize the kind of sampling (random, systematic, convenience, stratified, cluster) employed whenever a sample of people who smoke is obtained as explained below.
Find out the value of test statistic utilizing one sample proportion testing. Use the subsequent information for the below questions.
A commuter travels many miles to work each morning. She has timed this trip 5 times throughout the last month. The time (in minutes) required to make this trip was 44, 39, 41, 35, and 41.
In order to compare the mean charges for the three groups, the data will be subjected to an analysis of variance. Write the null hypothesis tested by the ANOVA.
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