The table gives the monthly insurance rates for a $100,000 life insurance policy for smokers aged 35-49.

Question:

(a) Find the mean monthly insurance rate for these ages.

(b) Find the standard deviation of the monthly insurance rates for these ages.

Monthly Monthly Age Insurance Rate Age (years) Insurance Rate (dollars) (dollars) (years) 35 17.32 43 23.71 36 17.67 44

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 06:18 AM

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The table gives the monthly insurance rates for a $100,000 life insurance policy for smokers aged 35-49.

Question:

Monthly Monthly Age Insurance Rate Age (years) Insurance Rate (dollars) (dollars) (years) 35 17.32 43 23.71 36 17.67 44 25.11 26.60 37 18.02 45 38 18.46 46 28.00 39 19.07 47 29.40 40 19.95 48 30.80 41 21.00 49 32.55 42 22.22

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a b s 2 1732 2333 2 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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