What proportion of plan participants would receive payments

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Reference no: EM13143263

A company that sells annuities must base annual payout on the probability distribution of the length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan participants would receive payments beyond age 75?

Reference no: EM13143263

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