The table gives the monthly insurance rates for a $100,000 life insurance policy for smokers aged 35-49.
Question:
The table gives the monthly insurance rates for a $100,000 life insurance policy for smokers aged 35-49.
(a) Find the mean monthly insurance rate for these ages.
(b) Find the standard deviation of the monthly insurance rates for these ages.
Transcribed Image Text:
Monthly Monthly Age Insurance Rate Age (years) Insurance Rate (dollars) (dollars) (years) 35 17.32 43 23.71 36 17.67 44 25.11 26.60 37 18.02 45 38 18.46 46 28.00 39 19.07 47 29.40 40 19.95 48 30.80 41 21.00 49 32.55 42 22.22
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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