Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 05, 2024

GLL insurance company often tracks life expectancy information to determine life insurance policies for its policyholders. Two years ago, the average life expectancy of all

GLL insurance company often tracks life expectancy information to determine life insurance policies for its policyholders. Two years ago, the average life expectancy of all policyholders was 79.6 years with a standard deviation of 3.56 years. At this time, GLL wants to estimate the average life expectancy to within one year with 99% confidence. How many randomly selected recently paid policies would be needed to sample?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Mathematics questions

Question

★★★★★

Ocean waves moving at a speed of 4.0 m/s are approaching a beach at angle ?1 = 30o to the normal, as shown from above in Figure. Suppose the water depth changes abruptly at a certain distance from...

Answered: 1 week ago

Question

★★★★★

80. A coin that comes up heads with probability p is flipped n consecutive times. What is the probability that starting with the first flip there are always more heads than tails that have appeared?

Answered: 1 week ago

Question

★★★★★

Flores Chemical Co. recorded costs for the month of $18,900 for materials, $44,100 for labor, and $26,250 for factory overhead. There was no beginning work in process, 8,000 units were finished, and...

Answered: 1 week ago

Question

★★★★★

Which type of proxy physically sits between a web server at your business that stores a web page and the internet filtering traffic from the outside of the network coming into the network? forward...

Answered: 1 week ago

Question

★★★★★

function [L,U,P] = LUPP(A) [m,n] = size(A); if m ~= n error('GEPP can only handle square matrices. '); end % initialize permutation vector p p = 1:n; % LU decomposition with partial pivoting for k =...

Answered: 1 week ago

Question

★★★★★

3. (20 points) Consider a circular dart board with radius 1 that is inscribed in a square frame: (-1,1) (-1,-1) (1,1) (1,-1) Suppose you throw n independent darts at random into the square frame and...

Answered: 1 week ago

Question

★★★★★

your answer: Y1 2t2 = Y2 = t Which function(s), if any, are solutions to 2t2y" + 3ty' - y = 0? Be sure to briefly justify

Answered: 1 week ago

Question

★★★★★

Please solve COMPANY NAME: HONDA Brief introduction to company and its product Presentation of global inputs for the product Company's motivations for supplier selection and sourcing the inputs...

Answered: 1 week ago

Question

★★★★★

1.Now imagine that, with the introduction of money, financial institutions are put in place. Briefly , would the establishment and development of a financial sector help promote economic growth or...

Answered: 1 week ago

Question

★★★★★

Contrary to the strategy of maintaining a large inventory adopted by most American retailers, 7-11 is more selective in the products that they put on shelves. 7-11 chooses to shelve products that are...

Answered: 1 week ago

Previous Question Next Question