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A universal life policy provides a death benefit equal to the account value plus 50 000. Monthly premiums are 3000. There is a monthly expense charge of 100 and a further charge of 4% of each premium. The annual credited interest rate is 8%. The account value at the end of the 73rd month is 49 200. The monthly cost of insurance for the following month is 20 per 1000 and is computed at an annual interest rate of 4%. There is a corridor requirement which specifies that the death benefit must be at least twice the account value. Find AV74 and COI73.
Consider the relationship between yearly wine consumption (litres of alcohol from drinking wine per person) and yearly deaths from heart disease (deaths per 100,000 people) in 19 developed countries.
Thirty minutes later, a police officer measured their Blood Alcohol Content (BAC) in grams of alcohol per deciliter of blood. Estimate the mean BAC that happens thirty minutes after consumption of 7 cans of beer.
An instructor claims the average time to take a statistics test is greater than 39 min. As, if a sample of 33 students took 43 min. is the instructor's claim true?
Is this conclusion justified? Explain and If your answer to part (a) is no, what other information would be needed before a final conclusion could be drawn?
What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)
find the z values based on a standard normal distribution for an 86 confidence interval for a proportion for a 78
following are the total scores of three subjects of seventy four year 8 students from a high school.10nbspnbsp 1 4 6 7
consider an inventory system in which the sequence of events during each period is as follows.1 we observe the
question to study the effect of temperature on yield in a chemical process four batches were produced at each of
On any given day, about 45% of the stocks on the American Stock Exchange increase in value. A random sample of four independent stocks is chosen.
The Sony corporation produces a Walkman that requires two AA Batteries. The mean life of these batteries in this product is 35.0 hours. The distribution of the battery lives closely follows the normal probability distribtion with a standard deviat..
What is the standard deviation of expected returns for Stock X? For Stock Y?
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