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A universal life policy provides a death benefit at the end of the period of death of 100 000. The account value at time 20 is 2500. For the time period from time 20 to time 21, the credited interest rate is 0.006, the expense charge is 5% of any premium paid plus 100, and the cost of insurance rate is 30 per thousand.
(a) Suppose that at time 20, the policyholder makes the minimum premium payment of 500, which according to the guarantee in the contract ensures that the cost of insurance will be paid regardless of the amount in the account. Find the account value at time 21.
(b) If the contract does not carry the secondary guarantee of part (a), what is the minimum premium that the policyholder will have to pay at time 20 to ensure that the cost of insurance can be paid.
Suppose the probability that a carton of eggs will contain at least one broken egg is 1/3. use a simulation of 20 trials to find the probability that the next three cartons will contain only unbroken eggs.
Quantitative noninvasive techniques are needed for routinely assessing symptoms of peripheral neuropathies, such as carpal tunnel syndrome (CTS).
Alcohol appears to be involved in a variety of birth defects, including low birth weight and retarded growth. A researcher would like to investigate the effect of prenatal alcohol on birth weight.
a trucking firm delivers appliances for a large retail operation. the packages or crates have a mean weight of 305 lb.
numerous studies have demonstrated that listening to music while studying can improve memory hallam price amp katsarou
The following questions pertain to some important facts to know about a normal distribution: What are three important properties of a normal distribution?
a sample of 31 data points was collected from a population whose mean is 20 and standard deviation is 3. if a randomly
question the average heights of a random sample of 400 people from a city is 1.75 m. it is known that the heights of
epidemiologists control for variables such as confounding and random error by carefully developing research studies.
You are playing Texas Hold'em against one other opponent. Your two down cards are 6 of (diamonds) & 7 of (diamonds). Explain why your strategy will work
Based on surveys conducted in 1989 and 1999, a researcher compared the proportion of high school age females interested in a career in science in 1989 with the proportion in 1999. He concluded that the proportions were not significantly different ..
use a z-test to test the claim about the population mean u at the given level of significance of using the given sample
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