Answer:
a. z-score = -1.2
b. The age 23 years old is -1.2 standard deviations below the mean
c. The age is not unusual
Step-by-step explanation:
a. Transformation to z-score
Mathematically;
z-score = (x - μ)/σ
where σ and μ are the standard deviation and the mean respectively.
From the question, x = 23, μ = 27.2 and σ = 3.5
Let’s put these into the equation;
z-score = (23-27.2)/3.5 = -1.2
b. Interpretation of result
The interpretation is that 23 years old is -1.2 standard deviations below the mean
c. Determination
The age is not unusual. This is because any z-value below -2 or above 2 is considered unusual
-1.2 is above -2 and thus it is not unusual
Answer:
150
Step-by-step explanation:
The anwser is 3x-5 yuhhhhhhhhhhhhhhhhh
B. the diagonals are congruent - the graph represents two equal, parallel lines, making the two segments congruent
Answer:
The question is about the least amount to charge each policyholder as premium
The least premium is $484
Step-by-step explanation:
The least amount of premium to charge for this policy is the sum of the expected values of outcome of both instances of policyholder dying before the age of 70 and living after the age of 70 years
expected value of dying before 70 years=payout*probability=$24,200*2%=$484
Expected of living after 70=payout*probability=$0*98%=$0
sum of expected values=$484+$0=$484
Note that payout is nil if policyholder lives beyond 70 years
The premium of $573 means that a profit of $89 is recorded
