Probability distribution of the lifetimes, Basic Statistics

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Probability distribution of the lifetimes

A life insurance company wants to estimate their annual payouts.

Assume that the probability distribution of the lifetimes of the participants is approxately a normal distribution with a mean of 68 years and a standard deviation of 4 years.

What proportion of the plan recipients would receive payments beyond age 75?

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Basic Statistics: Probability distribution of the lifetimes

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Basic Statistics: Probability distribution of the lifetimes

Reference No:- TGS0843930

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Benji consumed exactly two cherries with seeds

Q : Confidence interval and the elements

Q : Probability that the number of persons

Q : Determine the final pressure in the tank if valve is opened

Q : Probability distribution of the lifetimes

Q : Difference between the forecast and actual demand

Q : Calculate limits imposed by second law of thermodynamics

Q : Compute the z-score

Q : Measure of the strength of the relationship

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Probability distribution of the lifetimes

Reference No:- TGS0843930

Recent Questions Asked Basic Statistics

Q : Benji consumed exactly two cherries with seeds

Q : Confidence interval and the elements

Q : Probability that the number of persons

Q : Determine the final pressure in the tank if valve is opened

Q : Probability distribution of the lifetimes

Q : Difference between the forecast and actual demand

Q : Calculate limits imposed by second law of thermodynamics

Q : Compute the z-score

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