Use the mortality table to answer parts a and b. a. If the company insures 10,000 63-year-old
Question:
a. If the company insures 10,000 63-year-old males, how many are expected to die before their 64th birthday? Round to the nearest integer.
b. Based on the table, what is the probability that a 63-year-old male will live to his 64th birthday?
Transcribed Image Text:
Death Probability Exact Age Males Females 0.010582 0.011511 0.012572 67 0.021291 0.013772 62 0.014123 0.08959 63 64 65 0.015312 0.09747 0.016567 0.017976 0.019564
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a 10000 00...View the full answer
Answered By
HILLARY KIYAYI
I am a multi-skilled, reliable & talented Market analysis & Research Writer with a proven ability to produce Scholarly Papers, Reports, Research and Article Writing and much more. My ultimate quality is my English writing/verbal skill. That skill has proven to be the most valuable asset for project writing, Academic & Research writing, Proofreading, HR Management Writing, business, sales, and a variety of other opportunities.
4.80+
24+ Reviews
60+ Question Solved
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Question Posted:
Students also viewed these Linear Algebra questions
-
Use the mortality table below to answer parts a-f. a. The life expectancy column gives the number of years a person of that age is expected to live. What is the life expectancy for a 67-year-old...
-
Use the graph of the function to answer parts (a)-(e). (a) Find the domain and range of f. (b) Find the zero(s) of f. (c) Determine the open intervals on which f is increasing, decreasing, or...
-
A random sample of data was collected on residential sales in a large city. The accompanying table shows the selling price (Y, in $ 1,000s), area (X1, in hundreds of square feet), number of bedrooms...
-
1. When a limited partnership is formed A. The partnership activities are limited B. All partners have limited liability C. Some of the partners have limited liability D. None of the partners have...
-
Comtrak Inc. has a dividend reinvestment program for shareholders. Over the past five years, the company has had the following share prices and the following dividends. If you started with 100 shares...
-
A managers use of _______________ power can harm another person within the organisation. a. coercive b. legitimate c. referent d. reward
-
What reasons can you give in support of, and against, the development of separate financial accounting guidelines and standards that reflect the financial consequences of environmental issues?
-
The Atlas Company sells product T. During a move to a new location, the inventory records for product T were misplaced. The bookkeeper has been able to gather some information from the sales records...
-
Develop a Persuasive Speech as per the outline listed below include citations from an eBook, a website, a periodical and three other sources of your choice. Use six references: I. INTRODUCTION...
-
In a BSS with no AP (ad hoc network), we have five stations: A, B, C, D, and E. Station A needs to send a message to station B. Answer the following questions for the situation where the network is...
-
In 2009, the maximum taxable income for Social Security was $106,800. The FICA tax rate was 6.2%. a. What is the maximum anyone could have paid into FICA tax in the year 2009? b....
-
The Lieberman Insurance Company sells a 5-year term insurance policy with face value of $250,000 to a 39-year-old man for an annual premium of $973. The mortality table is given below. a. Assume the...
-
Indicate the appropriate financial reporting standard by completing each sentence with either "ASPE" or "IFRS" in the blank. a. Gains and losses are recorded under "other comprehensive income" under...
-
The article explains that if the Jacksonville Jaguars had defeated the Indianapolis Colts before the game played later the same day between the Los Angeles Chargers and the Las Vegas Raiders, both...
-
The accounting records for a restaurant indicate that food sales were $18,000, food used was $5,800, and employee meals at cost were $50. What is the cost of sales?
-
Historians use different analytical methods to make sense of the past. Some focus on social and economic issues, such as class conflict or who profits from a particular policy choice. Other...
-
2 Teman give a fumer 1 4 points A simple pendulum shown in the figure has length, L-1m, and a mass of 100 gram. The pendulum is released from angle 8-30 degrees from the vertical axis. What will be...
-
n x(n) Given is a signal x(n) in tabular format: -2 0 -1 1 0 -1 1 2 2 0 3 0 Assume x(n) is 0 for other values of n not specified in the table. a) Sketch the signal y(n)=x(-n) (and write its values in...
-
Factor the given expressions completely. 27F 3 + 21F 2 48F
-
How does the organizational structure of an MNC influence its strategy implementation?
-
Compute. Write the answer using scientific notation. (a) (4.2 107) (3.2 10-2) (b) (8.3 10-15) (7.7 104) (c) (2.6 10-18) (8.5 107)
-
Write the answer using scientific notation. It is estimated that there were 51.2 billion pieces of trash on 76 million mi of U.S. roadways in a recent year (Source: Keep America Beautiful). On...
-
A nanometer is 0.000000001 m. Scientists have developed optical nanowires to transmit light wave's short distances. A nanowire with a diameter of 360 nanometers has been used in experiments on the...
-
Let Y1,...,Yn be a random sample from the following distributions with the unknown parameter(s). Estimate them by maximum likelihood and by the method of moments. fe (y) = 0y01, 0 y 1, 0 > 0
-
Julian and Samantha have resigned from their jobs in order to work together full-time on designing a software package that detects plagiarism in student assignments. They have already been able to...
-
what ways does the intertextuality in T.S. Eliot's "The Waste Land" reflect the broader cultural disintegration of the early 20th century, and how does this technique serve to create a multifaceted...
Study smarter with the SolutionInn App