<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
The correct answer is: [B]: " s² + 5s " .
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A = s(s+5) = s² + 5s ;
→ which is: Answer choice: [B] .
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Answer:
95% provides more information
Step-by-step explanation:
The confidence interval is obtained by using the relation :
Xbar ± Zcritical * σ/√n
(Xbar - (Zcritical * σ/√n)) = 5.22 - - - (1)
(Xbar + (Zcritical * σ/√n)) = 5.98 - - (2)
Adding (1) and (2)
2xbar = 5.22 + 5.98
2xbar = 11.2
xbar = 11.2 / 2 = 5.6
Margin of Error :
Xbar - lower C.I = Zcritical * σ/√n
Zcritical at 90% = 1.645
5.6 - 5.22 = 1.645 * (σ/√n)
0.38 = 1.645 * (σ/√n)
(σ/√n) = 0.38 / 1.645 = 0.231
Therefore, using the se parameters to construct at 95%
Zcritical at 95% = 1.96
Margin of Error = Zcritical * σ/√n
Margin of Error = 1.96 * 0.231 = 0.45276
C.I = xbar ± margin of error
C. I = 5.6 ± 0.45276
C.I = (5.6 - 0.45276) ; (5.6 + 0.45276)
C. I = (5.147 ; 6.053)
Hence, 95% confidence interval provides more information as it is wider.
Answer:
for part b. the probability fraction is 17 over 20, or 17/20.
Step-by-step explanation:
the percentage of 65 years or older is 85% of the population. 85/100 simplified is 17/20.
