Which of the following sets of data is bimodal?
1 answer:
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<u>Answer</u>:
The female would pay $322.00 less for a policy of $25,000
<u>Step-by-step explanation:</u>
Since we have given that
Amount for policy = $25000
If she opt for 20 year life insurance at $2.90 per $1000.
so, her amount of premium becomes
=$72.50
If she opt for straight life insurance at $15.78 per $1000,
Then, her amount of premium becomes
= $394.50
Difference between them is given by
$394.50-$72.5 = $322.00