Probability randomly selected household with a head in age

Reference no: EM131404347

The American Council of Life Insurance and the Life Insurance Marketing and Research Association have reported that insured households with heads 35 to 44 years old had an average of $186,100 of life insurance coverage.

Assuming a normal distribution and a standard deviation of $40,000, what is the probability that a randomly selected household with a head in this age group had less than $130,000 in life insurance coverage?

Reference no: EM131404347

Questions Cloud

On what proportion of the days was the volume between given : Assuming a normal distribution and a standard deviation of 400,000 packages per day, on what proportion of the days was the volume between 3,000,000 and 3,200,000 packages?

How much slack or surplus is there for each of constraints : If Electrcomp decides that at least 30 air conditioners should be produced, but no more than 50 fans should be produced. How much slack or surplus is there for each of the four constraints at the optimal solution?

What proportion of aircraft flew more than 2200 hours : What proportion of aircraft flew more than 2200 hours during the year?- What proportion of aircraft flew between 2000 and 2400 hours during the year?

Discuss how can a theory guide or inform practice : Referencing at least five peer-reviewed journal articles, respond to the follow questions- How can a theory guide or inform practice? What are issues involved in translating theory into practice

Probability randomly selected household with a head in age : Assuming a normal distribution and a standard deviation of $40,000, what is the probability that a randomly selected household with a head in this age group had less than $130,000 in life insurance coverage?

What is the loss to the financial institution : What is. the loss to the financial institution? Assume that six-month LIBOR was 9% per annum halfway through year

Prepare a consolidated statement of comprehensive income for : The statements of financial position of Mars plc and Jupiter plc at 31 December 20X2 are as follows: Prepare a consolidated statement of comprehensive income for the year ended 31/12/20X2

What proportion of homes heating with gas had a gas bill : What proportion of homes heating with gas had a gas bill over $382?- What proportion of homes heating with gas had a gas bill between $497 and $537?

Discss the hnetexchange- hnetpay and hnetconnect : As discussed in this course, risk management is an important process for all organizations. This is particularly true in information systems, which provides critical support for organizational missions. The heart of risk management is a formal ris..

User Account

All Pages