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A universal life policy has a stated death benefit of 100 000, monthly premiums of 5000, monthly expenses of 100, and a further monthly expense charge of 4% of each premium. The annual credited interest rate is 8%, and the monthly cost of insurance rate in the 5th year of the policy is 30 per thousand. If the account value at the end of the 52nd month is 50 000, find the account value at the end of the 53rd month, assuming that the policy is (a) type B and (b) type A.
The standard deviation of 6. What is the probability that a class of 50 has an average midterm mark that is less than 75?
he length of time a person spends waiting in a physician's office for an appointment can be a frustrating experience. The results below are the responses of internists from two multispecialty group practices to the following question:
A player throws a fair coin and wins $1 each time it's heads, but loses $1 each time it's tails. The player will stop when his or her net winnings reach $1, or after n throws, whichever comes sooner. What is the player's probability of winning, an..
Toss the coin four times. If the coin lands either all heads or all tails, reject Ho: p=1/2 (the p denotes the chance for the coin to land on heads.) Complete parts a and b. what is the probability of a type 1 error for this procedure
Suppose that the "muscle gap" in the population of all young men has a Normal distribution with standard deviation 2.5 kg/m2. Give a 90% confidence interval for the mean amount of muscle young men think they should add to be attractive to women. (..
On a test whose distribution is approximately normal with a mean of 50 and a standard deviation of 10, the results for three students were reported as follows:
Graph the p.d.f and show that the probability of the part failing in the first 200 weeks is 1/8
If someone had x=2 job changes, what does the least squares line predict for y, the annual salary?
what is the required sample size is the error is to be less than 1/2 hour with a 95% level of confidence?
Develop a regression model to fit the trend effects for the data. Use a linear model and then try a quadratic model and how well does either model fit the data?
What other information would you like to know to answer the question about salary equity between the genders? Why?
Florida State University administers a mathematics placement test to students where they 1st enter the university.
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