Alicia Bitman, age 30, plans to purchase a $200,000, 5-year term life insurance policy. What is the annual premium?
1 answer:
Answer: $770
Step-by-step explanation:
Number of units to be purchased by Alicia:
= 200,000 / 1,000
= 200 units
Alicia is purchasing a 5-year term life insurance policy. At age 30, the cost per $1,000 unit of insurance is $3.85 for a female.
The formula for the annual premium is:
= Number of units purchased * Premium per $1,000
= 200 * 3.85
= $770
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Explanation:
Step 1: Estimate the standard error. Standard error can be calcualted by dividing the standard deviation by the square root of the sample size:
So, Standard Error is 0.08 million or $80,000.
Step 2: Next, estimate the mean is how many standard errors below the population mean $1 million.
-6.250 means that $1 million is siz standard errors away from the mean. Since, the value is too far from the bell-shaped normal distribution curve that nearly 100% of the values are greater than it.
Therefore, we can say that because 100% values are greater than it, probability that the avg. salary of the 100 players exceeded $1 million is approximately 1.
Answer:
Answer:18+4.5
Step-by-step explanation:
This shape is a triangle with a semicircle connected to it
and this triangle is a right triangle so side A=B
that means the other leg is 6.Knowing that we can solve
The formula for the area of a triangle is (base×height)÷2
so that means 6×6 equals 36 and if you divide that by 2 you get the 18.
Now we will deal with the semicircle. We know that both of the legs are 6 so that means the diameter is 6 and now we solve 6 divided by 2 equals 3 and we will have to square that and we will 9 and since it is a semicircle we have to divide it by 2 and that will give us 4.5 and since we have to express it in terms of pi it will be 4.5(pi) and then we add both of the areas
giving us 18+4.5(pi)
and do you go to RSM