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A disability insurance policy provides for payments at the moment of disability should this occur within 10 years. The amount of the benefit at time t is e0.10t. The policy is purchased by level annual premiums payable continuously for 10 years until either death or disability occurs. Nothing is paid on this policy if the insured dies before becoming disabled. If the force of disability is a constant 0.03, the force of mortality is a constant 0.06, and the force of interest is a constant 0.05, find the annual rate of premium payment.
Identify at least 2 variables for which you would utilize a repeated-measures ANOVA in your analysis and describe the variables and scale of measurement. Identify whether each factor is fixed or repeating.
suppose a school has 20 classes 16 with 25 students in each three with 100 students in each and one with 300 students
suppose instead the data from problem 1 and 4 were taken on the same process thus the data are no longer independent.
What sample size would be needed for an error of ± 1.5 with 98 percent confidence? (Data are from a project by MBA student Wendy Blomquist.)
Under older Federal Aviation Administration rules, airlines had to estimate the weight of a passenger as 185 pounds. That amount is for an adult traveling in winter, and it includes 20 pounds of carry-on baggage.
The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports.
Finds the average life time for this sample is 970 hour and the standard deviation is 80 hours. Can the firm claim that the average life time is 1000 hours at the 5% level of significance?
The measure of forecast accuracy that is not influenced by the measurement scale of the time series data is:
Two points are chosen uniformly and independently on the perimeter of a circle of radius 1. This divides the perimeter into two pieces. Determine the expected value of the length of the shorter piece.
The probability that a patient recovers from a disease is 63%. What is the probability that:
Does it fall into the confidence interval computed from the sample data? What does this tell you?
Determine the proportion of homes that have a pool. At the .05 significance level, can we conclude that less than 40 percent of the homes sold in the Denver area had a pool? What is the p-value?
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