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1. You are given that p70 = 0.9, 2p70 = 0.8, 3p70 = 0.7. The interest rate is 20% for the first year and 25% for the second year. Find the present value of the benefits on a 2-year term insurance policy sold to two lives (70) and (71) that provides benefits upon the first death, payable at the end of the year of death. The amount of the death benefit is 1000 if the first death occurs in the first year, and 2000 if it occurs in the second year.
2. An insurance policy pays 1 unit at the moment of the second death of (x) and (y). Level premiums are payable continuously as long as either of the two is alive. Given that (x) is subject to a constant force of mortality of 0.1, (y) is subject to a constant force of mortality of (0.3) and the force of interest is a constant 0.1, what is the annual rate of premium payment?
use statdisk excel or other tools to randomly generate data from a normally distributed population with a given mean
Research reports an F=ratio with df=3.36 from independent-measures research study. How many treatment conditions were reported in the study what was the total number of participants?
a. Give Shop-Mart a recommendation. In doing so, use "0.012" in a sentence that would be understood by a Shop-Mart executive who has had no statistical training but is comfortable with probabilities as used by weather forecasters. b. In interpret..
computing the probability values using normal distribution.information from the department of motor vehicles indicates
Choose an American driver at random and let the random variable X be the number of speeding tickets the driver has received in the last two years. The discrete probability distribution of X is shown.
Assume the data have bell shaped distribution with a mean of 30 and a standard deviation of 5. Employ the empirical rule to determine the percentage of data within each of the following ranges: 20 to 40, 15 to 45, and 25 to 35.
Test the claim that the mean age of the prison population in one city is less than 26 years. Sample data are summarized as n = 25, x = 24.4 years, and s = 9.2 years. Use a significance level of α = 0.05.
Three chips are then selected at random and without replacement from II. (a) What is the probability that all three are white?
A computer company wants to test the efficiency of its new programmable calculator. This problem related to Basic Statistics and it discuss about nested model using ANOVA
In what ways is the t distribution similar to the standard normal distribution? In what ways is the t distribution different from the standard normal distribution? How does the formula for the t test differ from the formula for the z test?
Since Richard has not attended the class recently, he doesn't know any of the answers. Assuming that Richard guesses on all 9 questions, find the probability that he will answer all questions incorrectly?
1.a researcher wanted to know if the content of television programs has an impact on viewers recall of ad content. he
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