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1. special 2-year term insurance policy on (70) is to be purchased by a single premium. Should death occur in the first year, the insured will receive, at the end of the year, 1000 plus the reserve at that time. If death occurs in the second year, the insured will receive at time 2 only a return of the single premium paid without interest. Suppose q70 = 0.36, q71 = 0.40, and the interest rate is 100%. Find (a) the single premium, (b) 1V.
2. A whole life insurance policy on (x) provides for death benefits, paid at the end of the year of death, of 1000 plus the reserve at that time. Level annual premiums of P are payable for life. Suppose that qx = 0.2, qx+1 = 0.2 and qy = 0.4 for all y ≥ x + 2. The interest rate is a constant 100%. Find (a) P (b) kV, k = 1, 2, ....
Income Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana.
two species of rhinoceros native to africa are black rhinos and white rhinos. in 1998 the international rhino
Calculate the coefficient of skewness and coefficient of variation of minutes spent commuting. What do these statistics tell us?
Do a two-sample test for equality of means assuming equal variances. Calculate the p-value. Comparison of GPA for randomly chosen college juniors and seniors: ¯ x1 = 3.05, s1 = .20, n1 = 15, ¯ x2 = 3.25, s2 = .30, n2 = 15, α = .025, left-tailed t..
The difference between expected payoff under certainity and expected value of the best act without certainity is the expected:
let x and y be two independent random variables where x has a bernoulli distribution with probability of success p 12
A sample mean, sample size, and population standard deviation are given. Use the P-value approach to perform a one-mean z-test about the mean of the population from which the sample was drawn.
a newspaper selected a simple random sample of 1600 readers. they asked whether the paper should increase its coverage
Determine whether there are differences in the means of the number of cereal leaf beetles, in terms of colour preference, based on the numbers trapped on the different coloured boards.
You own a Pepsi bottling plant, and you are concerned about filling the bottles to the correct level. Should you conduct a one-tailed or two-tailed hypothesis test? Explain.
the thickness of manufactured metal plates is the variable of interest. due to many factors such as slight variations
in a certain city 30 of the families have a mastercard 20 have an american express card and 25 have a visa card.
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