Use the mortality table to answer parts a and b. a. If the company insures 10,000 63-year-old

Question:

Use the mortality table to answer parts a and b.

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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

See More Books

Question Posted: Apr 14, 2016 05:07 AM

See More 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...
Left-tailed test with $\alpha=0.01$, degrees of freedom in the numerator $=20$, degrees of freedom in the denominator $=25$. Find the critical value( $s$ ) for $\alpha$.
Consider $20{ }^{\circ} \mathrm{C}$ water flowing over a thin, wide, smooth flat plate aligned with the flow. The approach velocity is $60 \mathrm{~km} / \mathrm{hr}$ and the Reynolds number...
The following comparative balance sheets and income statement are available for Little Bit Inc. Prepare a statement of cash flows for 2009 using the indirect method and analyze thestatement. December...
Tom, Jack and Harry paid a dividend of 120 cents. The dividends are expected to grow by 40% per annum during the 3-year supernormal period when the cost of equity is 30%, then grow at 20%per annum...
A regional beer distributor has $100,000 to spend on advertising in four markets, where each market responds differently to advertising. Based on observations of each market's response to several...
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...
What is the portfolio variance if 30% is invested in stock S and 70% is invested in stockT? A. .002220 B. .004056 C. .006224 D. .008080 E. .098000 State of Economy Boom Normal Probability of State of...
What are most likely to be the two primary objectives of financial reporting for NPOs?
As Adelle Justice, director of Human Resources, you must remind both day-shift and swing-shift employees of the companys parking guidelines. Day-shift employees must park in Lots A and B in their...
Why are writing skills more important in todays workplace than ever before?
Why might the revenues of an NPO not be derived from the recipients or beneficiaries of its goods and services?
Gabriel Lugo, a blogger and Web conferencing expert, responds to a request from Samantha Staiger, who wants advice for an article she is writing. Gabriels advice is good, but his message is poorly...
Find all conjugates in C of the given number over the given field. 2 over Q
XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...
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...
4. A stock provides a dividend yield of 5.0% paid semi- annually. The spot price of the stock is currently $500, and the risk-free rate is 7.5% with continuous compounding for all maturities. 1. What...
1. A 1000 bond issued on January 10, 2021 is paying coupons at a nominal interest rate of 7% payable semiannually. The bond is redeemed at par and matures on January 10, 2031. The nominal yield rate...
Ruzgar Inc., bonds were selling at $1,040 a year ago. A friend of yours invested into this bond and just received a $100 coupon payment. She sold the bond today for $1,200.If the inflation rate for...

Use the mortality table to answer parts a and b. a. If the company insures 10,000 63-year-old

Question:

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

Step by Step Answer:

a 10000 00...View the full answer

Financial Algebra advanced algebra with financial applications

Students also viewed these Linear Algebra questions