Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 03, 2024

You are given: q 80 = 0.05, q 81 = 0.06, q 82 = 0.07, q 83 = 0.08, q 84 = 0.09 and q

You are given: q₈₀ = 0.05, q₈₁ = 0.06, q₈₂ = 0.07, q₈₃ = 0.08, q₈₄ = 0.09 and q₈₅ = 0.10.

Jim is 82 and his wife Lina is 80. What is the probability that at least one of Jim or Lina die in the next 3 years?

A.
0.3909
B.
0.3534
C.
0.3742
D.
0.4200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

11th edition

78025400, 978-0078025402

More Books

Students also viewed these Accounting questions

Question

1. Create your Dream Board (all the things you want to buy or establish in the future). Specify the amount of each item. 2. Search the salary of your prospective careers 5 years from now. 3. With the...

Answered: 1 week ago

Question

★★★★★

A model rocket is fired vertically from rest. It has a net acceleration of 17.5 m/s2. After 1.5 s, its fuel is exhausted and its only acceleration is that due to gravity. (a) Ignoring air resistance,...

Answered: 1 week ago

Question

★★★★★

Samantha bought a house for 47,500 on 1 August 2001 and occupied the house as her principal private residence. On 1 June 2003 she began to use one-fifth of the house for business purposes....

Answered: 1 week ago

Question

★★★★★

4. Using the information in this chapter develop two rsums. a. Base your first rsum on your current experiences, background, and training. b. Base your second rsum on what you hope to accomplish by...

Answered: 1 week ago

Question

★★★★★

Cleveland Chiropractic College (CCC) promised prospective students that CCC would provide clinical training and experiencea critical part of a chiropractic education and a requirement for graduation...

Answered: 1 week ago

Question

★★★★★

Question 5 What is a good recovery measure to incorporate in your organization? 1 point Monitoring for internet line outages Restoring server configs from backup Maintaining redundant servers...

Answered: 1 week ago

Question

★★★★★

apclassroom. collegeboard.org/ essments/ assignments/40106406 Comparative Advantage and Gains from Trade Quiz 1 2 3 4 Include correctly labeled diagrams, if useful or required, in explaining yo ers....

Answered: 1 week ago

Question

★★★★★

Data given: Country A: n:1000 , X mean: 19.900, S2:5000, S:70.71 Country B: n:1500 , X mean: 20.200, S2:6400, S:80 (a) Consider whether the hypothesis that the average family income of country A is...

Answered: 1 week ago

Question

★★★★★

Enter the following trial balance into the chart of accounts: Account DR CR Cash 25,000 Vehicle net 74,000 Equipment net 7,500 Loan 50,000 Enter the following journal entries: sales of services for...

Answered: 1 week ago

Question

★★★★★

Rita is a trader. She provided the following information on 31 July 202: $ Inventory ........................................................... ...

Answered: 1 week ago

Question

★★★★★

(2) Visualize the union of a box and a cylinder, report formulation and results. Each side of the box has the length of 1 along x, y, and z-direction and its center is at (0,0,0). The center axis of...

Answered: 1 week ago

Question

★★★★★

2) A bucket that weights 70lb when filled with water is lifted at a constant rate, by a mechanical winch, from the bottom of a well that is 60 feet deep. a) Compute the work required to lift the...

Answered: 1 week ago

Question

★★★★★

Assume you are 25 and earn $45,000 per year, never expect to receive a raise, and plan to retire at age 55 . If you invest 5 percent of your salary in a 401 ( k ) plan returning 8 percent annually,...

Answered: 1 week ago

Question

★★★★★

Wholesalers Ltd. deals in the sale of foodstuffs to retailers. Owing to economic depression, the firm intends to relax its credit policy to boost productivity and sales. The firms current credit...

Answered: 1 week ago

Question

★★★★★

The net income appears on all of the following statements except a. the statement of owners equity. b. the balance sheet. c. the income statement. d. All of the above e. None of the above

Answered: 1 week ago

Question

★★★★★

Which of the following entries records the withdrawal of cash for per sonal use by Dolan, the owner of a business firm? a. Debit Cash and credit Drawing b. Credit Cash and debit Salary Expense c....

Answered: 1 week ago

Question

★★★★★

Which of the following errors, considered individually, would cause the trial balance totals to be unequal? a. A payment of $62 for supplies was posted as a debit of $62 to Sup plies and a credit of...

Answered: 1 week ago

Previous Question Next Question