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Crank
3 years ago
7

A 50-year-old male purchased a 20-Year Endowment insurance policy at the age of 40.The face value of the policy was $85,000. He

asks his insurance agent for a reduced paid up insurance nonforfeiture option. Given the table below and the permanent insurance amount of $48.20 per thousand, determine the reduced paid up insurance value and the annual premium.
Mathematics
2 answers:
konstantin123 [22]3 years ago
8 0

Answer:

The reduced paid up insurance value is $47,770 and the annual premium is $4,097

liq [111]3 years ago
6 0

Answer:

a.

Step-by-step explanation:

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The manager of a mall conducted a survey among two groups (n1 = 100, n2 = 100) of visitors to the mall on different days. She fo
DedPeter [7]

Answer:

Option B - There is at least some difference in the average times spent by the two groups in the mall.

Step-by-step explanation:

A null hypothesis is a hypothesis that states that there is no statistical significance between the two variables. Thus, It is usually the hypothesis that a researcher or experimenter will try to disprove or discredit. While an alternative hypothesis is one that states there is a statistically significant relationship between two variables.

Now, applying these definitions to the question, we can see that;

Null Hypothesis is;

H0; There is no difference in the average times spent by the two groups in the mall

While the alternative hypothesis is;

Ha; There is at least some difference in the average times spent by the two groups in the mall

Thus, correct answer is option B

8 0
3 years ago
A carpenter is making doors that are 20582058 millimeters tall. If the doors are too long they must be trimmed, and if they are
melamori03 [73]

Answer:

Z= 0.253

Z∝/2 = ± 1.96

Step-by-step explanation:

Formulate the null and alternative hypotheses as

H0 : u1= u2 against Ha : u1≠ u2 This is a two sided test

Here ∝= 0.005

For alpha by 2 for a two tailed test Z∝/2 = ± 1.96

Standard deviation = s= 15

n= 10

The test statistic used here is

Z = x- x`/ s/√n

Z= 2058- 2046 / 15 / √10

Z= 0.253

Since the calculated value of Z= 0.253 falls in the critical region we reject the null hypothesis.

There is  evidence at the 0.05 level that the doors are too short and unusable.

7 0
3 years ago
On the first day of sales the school sold 3 senior citizen tickets and 9 child tickets for a total of $75. The school took in $6
denis-greek [22]

<u>ANSWER:</u>

The price of senior citizen ticket is $4 and price of child ticket is $7.

<u>SOLUTION: </u>

Given, first day of sales the school sold 3 senior citizen tickets and 9 child tickets for a total of $75.  

The school took in $67 on the second day by selling 8 senior citizen tickets and 5 child tickets.  

We need to find what is the price each of one senior citizen tickets and one child tickets.

Let, the price of senior citizen ticket be "x" and price of child ticket be "y"

Then according to the given information,

3x + 9y = 75

x + 3y = 25  [by cancelling the common term 3.

x = 25 – 3y ---- (1)

And, 8x + 5y = 67 ---- (2)

Substitute (1) in (2)

8(25 – 3y) + 5y = 67

200 – 24y + 5y = 67

5y – 24y = 67 – 200

-19y = -133

y = \frac{133}{19}

y = 7

Now substitute y value in (1)

x = 25 – 3(7)

x = 25 – 21  = 4

Hence, the price of senior citizen ticket is $4 and price of child ticket is $7.

4 0
3 years ago
Hat is the 68th term of sequence -8.6,-7.2,-5.8,-4.4,
Umnica [9.8K]
First find the law
8.6-1.4n
so, 64th is 8.6-1.4x64
I think is -81
5 0
3 years ago
What is the solution set to the equation (2x−4)(4x−5)=0?
STALIN [3.7K]
Answer: A. (5/4, 2)
Explanation:
2x-4=0
4x-5=0

2x=4
4x=5

x=2
x= 5/4
3 0
2 years ago
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