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1. Suppose the force of interest is a constant 0.06 and that μ(t) = 0.04 for all t. An insurer sells 100 contracts, each of which pays 1000 upon failure. Assuming a normal approximation, how much should be charged as a single premium on each contract, so that there is a 95% chance that premiums will be sufficient to cover the aggregate claims for this group of 100 contracts.
2. Suppose the contract in above question is sold with premiums paid continuously for life at a level rate, where the security loading θ = 0.10. Assuming a normal approximation, how many contracts must be sold, so there is a 95% chance that total premiums will cover total benefits?
What type of research design is the strongest when I what to adopt a new educational program? Using a pre-test and post-test with control group, the previous method but without the control group.
A start-up publishing company estimates that the fixed costs of its first major project will be $190,000, the variable cost will be $18, and the selling price per book will be $34.
Suppose you were trying to decide which of two machines to purchase. Furthermore, suppose the length to which the machines cut a particular product part was important. If both machines produced parts that had the same average length, what other co..
show work or explain how you got the answersuppose that an eddy current nondestructive evaluation technique for
construct a normal probability plot for the following sample of observations on coating thickness for low-viscosity
What would be the units of measure for the sample
The School of Engineering has decided to accept those students whose scores fall within the top 15%. What is the minimum score an applicant must have in order to be accepted into the Engineering School
Categorize the following as the example of nominal, ordinal, interval, or ratio level of measurement, and define why it represents this level: marital status of company's employees.
a professor gives an exam for which there are two versions a and b. each student in the class is given one randomly
a bag contains 10 red 12 green and 8 yellow marbles. assuming that all the marbles are equally likely to be picked from
The probability of Toyota building a new production plant is 70% and the probability of GM building a new one is 50%. The following are the probabilities associated with the countries Toyota would build a new plant:
Because its fixtures are attached to the ceiling, the bulbs are rather cumbersome to replace, and Shop-Mart is looking into the possibility of switching to Phipps bulbs, which cost the same. A sample of Phipps bulbs lasted an average of 2080 hours..
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