Answer:
Step-by-step explanation:
Let X be length of life of the participants in the plan.
Given that X is N(68,3.5)
We convert this to standard normal score z using
a) proportion of the plan recipients that would receive payments beyond age 75=
b) proportion of the plan recipients die before they reach the standard retirement age of 65=
c) x for 86% ceased
Answer:
(x, y) = (3, 5)
Step-by-step explanation:
To solve these equations graphically, you plot each one, then identify the coordinates of the point of intersection.
The first equation can be graphed using the y-intercept of -1 and the slope of 2.
The second equation has a y-intercept of 18/3 = 6, and a slope of -1/3. The x-intercept of 18 is off the chart, so the slope and intercept are a good way to plot this line, too.
__
The slope is the "rise" divided by the "run". A slope of 2 means the line goes up 2 units for each unit to the right. A slope of -1/3 means the line goes down 1 unit for each 3 units to the right.
The solution is (x, y) = (3, 5).
