What proportion of plan recipents die before retirement age

Reference no: EM13126469

A company that sells annuities must be the 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 for 3.5 years. What proportion of the plan recipents die before they reach the standard retirement age of 65.

Reference no: EM13126469

Questions Cloud

What mass of sucrose should be combined : What mass of sucrose should be combined with 455 g of water to make a solution with an osmotic pressure of 8.75 atm at 320 K?

What is the amount of the overall tax : For the current year, Maple Corporation, a C corporation, reports taxable income of $200,000 before paying salary to its sole shareholder, Diane.

Are we going about renewable energy in the wrong way : Do you think that economics and environmental goals (renewable energy goals in particular) can work together? In what ways and are we going about renewable energy in the wrong way? What prohibits renewable energy from being efficient? How could we ..

Polynomials over the rational field : Let D be a Euclidean ring, F its field of quotients. Prove the Gauss lemma for polynomials with coefficients in D factored as product of polynomials with coefficients in F.

What proportion of plan recipents die before retirement age : Participants is approximately a normal distribution with a mean of 68 years and a standard deviation for 3.5 years. What proportion of the plan recipents die before they reach the standard retirement age of 65.

Determine how much heat is evolved : LiI has a lattice E of -7.3x10^2 kJ/mol and a heat of hydration of -793kJ/mol. Heat of solution is -60kJ/mol. Determine how much heat is evolved

Result of receiving the group-term life benefit : Assuming that Gray is 52 years old, determine the monthly premium that Gray must include in income as a result of receiving the group-term life benefit?

What should be the amount of rent expense incurred : Maris Co. purchased a machine on January 1, 2013, for $1,200,000 for the express purpose of leasing it. The machine is expected to have a five-year life, no salvage value, and be depreciated on a straight-line monthly basis.

Multiplicative inverses and identities : If a ring R has a multiplicative identity, then the multiplicative identity is unique.

User Account

All Pages