sunshine insurance ofers life insurance to men age 80
Homework Answers
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of...
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
Assignment #3 Name: 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate...
Assignment #3 Name: 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of...
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is .94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives? hills that he 3) The chance that a salmon jumps up the waterfall to upstream successfully 35%. We have a group of 9 salmon. a)...
Out of 15 for 3% of the overall grade Assignment#3 Name: 1) Sunshine Insurance offers life...
Out of 15 for 3% of the overall grade Assignment#3 Name: 1) Sunshine Insurance offers life insurance to men ane AN 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
Question 4 A person, age 80, purchases a whole life insurance policy of 100,000. You are...
Question 4 A person, age 80, purchases a whole life insurance policy of 100,000. You are given: (i) The policy is priced with a select period of one year. (ii) The select mortality rate equals 80% of the mortality rate from the Standard Ul- timate Life Table. (ii) Ultimate mortality follows the Standard Ultimate Life Table. (iv) i = 0.05 Calculate the actuarial present value of the death benefits for this insurance. (Answer: 59,050.81)
Out of 15 for 3% of the overall grade Assignment #3 Name: 1) Sunshine Insurance offers...
Out of 15 for 3% of the overall grade Assignment #3 Name: 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives? 2) A basketball player scores 70% of his shots on average. What is the...
1) Brooks Insurance Inc. wishes to offer life insurance to men age 60 via the Internet...
1) Brooks Insurance Inc. wishes to offer life insurance to men age 60 via the Internet Mortality tables indicate the likelihood of a 60-year-old man surviving another year is .98. If the policy is offered to five men age 60 a. What is the probability all five men survive the year? b. What is the probability at least one does not survive? 2) With each purchase of a large pizza at Tony's Pizza, the customer receives a coupon that can...
A life insurance representative believes that the mean age of people who buy their first life...
A life insurance representative believes that the mean age of people who buy their first life insurance plan is less than 35. To test his belief he takes a random sample of 15 customers who have just purchased their first life insurance. Their ages are 42, 43,28, 34, 30, 36, 25, 29, 32, 33, 27, 30, 22, 37, and 40. There is not enough evidence to say the data are nonnormal. Can we conclude at the 1% significance level that...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as limited payment, and single premium. Your client is a 33-year- old man and a father of four who is looking for the policy that provides the most permanent death protection for a...
-) 2000 students are surveyed regarding their choices of courses. 550 of them said that they...
-) 2000 students are surveyed regarding their choices of courses. 550 of them said that they will pick math next semester. 680 of them said that they will pick statistics and 750 students said that they will choose Economics next semester. Considering that a student cannot take these courses in the same semester a) What is the probability that we pick a student at random who is going to take math next term? b) What is the probability that we...
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
Assignment #3 Name: 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is .94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives? hills that he 3) The chance that a salmon jumps up the waterfall to upstream successfully 35%. We have a group of 9 salmon. a)...
Out of 15 for 3% of the overall grade Assignment#3 Name: 1) Sunshine Insurance offers life insurance to men ane AN 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives?
Question 4 A person, age 80, purchases a whole life insurance policy of 100,000. You are given: (i) The policy is priced with a select period of one year. (ii) The select mortality rate equals 80% of the mortality rate from the Standard Ul- timate Life Table. (ii) Ultimate mortality follows the Standard Ultimate Life Table. (iv) i = 0.05 Calculate the actuarial present value of the death benefits for this insurance. (Answer: 59,050.81)
Out of 15 for 3% of the overall grade Assignment #3 Name: 1) Sunshine Insurance offers life insurance to men age 80. Mortality tables indicate the likelihood of a 80-year-old man surviving another year is.94. If the policy is offered to six men age 80 a. What is the probability all eight men survive the year? b. What is the probability that at least one survives? 2) A basketball player scores 70% of his shots on average. What is the...
1) Brooks Insurance Inc. wishes to offer life insurance to men age 60 via the Internet Mortality tables indicate the likelihood of a 60-year-old man surviving another year is .98. If the policy is offered to five men age 60 a. What is the probability all five men survive the year? b. What is the probability at least one does not survive? 2) With each purchase of a large pizza at Tony's Pizza, the customer receives a coupon that can...
08: Assignment - Insuring Your Life 6. Understanding whole life insurance Suppose you are a life insurance broker with a client who is interested in buying a whole life insurance policy. You explain to him the three major types of whole life insurance: continuous premium, also known as limited payment, and single premium. Your client is a 33-year- old man and a father of four who is looking for the policy that provides the most permanent death protection for a...
-) 2000 students are surveyed regarding their choices of courses. 550 of them said that they will pick math next semester. 680 of them said that they will pick statistics and 750 students said that they will choose Economics next semester. Considering that a student cannot take these courses in the same semester a) What is the probability that we pick a student at random who is going to take math next term? b) What is the probability that we...
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