Question: Answer these {a} Based on a period life table, the probability that a typical Malaysian will survive the year is 0.9965. An insurance company would

Answer these

{a} Based on a period life table, the probability that a typical Malaysian will survive the year is 0.9965. An insurance company would like to sell an RMSG,UGD life term insurance policy. If the company wants an expected earning of RMBO, determine the annual payment for the insurance policy. (b) Assume that the times between the arrival of buses in a bus stop has a mean of 10 minutes. Find i; the probability that the arrival time between two consecutive buses is between 5 minutes and 8 minutes. ii. the probability of the arrival time between the second bus and the arrival of the sixth bus is greater than 45 minutes

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