What proportion of plan recipents die before retirement age

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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

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