An survival model is given by the survival function S(x) = eSuppose a whole life insurance policy with a benefit of $118250 payable immediately at the time of death of the insured life has a continuouslycompound interest rate & = 0.026.(a) What is the present value for the benefit if the policy is purchased at age 42?EPV = $o-0.0008z(b) What is the standard deviation of the present value of this insurance benefit if the policy is purchased at age 42?Note: Round your answer to two decimal places.

The survival function is given by: S0x=e-0.0008x The benefit payable is $118250 Compound interest…

Answered: An survival model is given by the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

If the Black Death caused 50 million deaths over 3 years with a 60% population decrease from 80 million to 30 million how do I show the linear progression of the disease from the start of the outbreak in Europe to the 3rd year?
(d) The mode (e) The median time to failure (f) The 85 percent design life »
Ore
Suppose sales for the past 6 months have been82, 104, 107, 116, 92, and 116 Using a smoothing coefficient of 0.5, what is the exponentially smoothed value for the 3rd period? (please round your answer to 1 decimal place)
A regression was run to determine if there is a relationship between the happiness index (y) and life expectancy in years of a given country (x).The results of the regression were: ˆyy^=a+bxa=-1.778b=0.143 (d) If the life expectancy is increased by 5 years in a certain country, how much will the happiness index change? Round to two decimal places.(e) Use the regression line to predict the happiness index of a country with a life expectancy of 94 years. Round to two decimal places.
The Invisible Gorilla experiment was repeated numerous times. In one experiment, 21 students watching the video, only 10 noticed the gorilla. 1. What is the best estimate from these data of the proportion of students in the population who notice the woman in the gorilla suit? (round to 3 decimals) The Invisible Gorilla experiment was repeated numerous times. In one experiment, 17 students watching the video, only 8 noticed the gorilla. 2. Calculate p' (round to 4 decimals)
what the meaning of a temporal decay rate of 0.5 day^-1
Give the increasing and decreasing intervals and relative extrema f(x)=e^(-2x^2+x)
Determine the degree of freedom, right tailed area, t value Percentile - 95thn - 29df - (7)Right Tailed area - (8)t - (9)
es point(s) possible Workers at a certain soda drink factory collected data on the volumes (in ounces) of a simple random sample of 22 cans of the soda drink. Those volumes have a mean of 12.19 oz and a standard deviation of 0.14 oz, and they appear to be from a normally distributed population. If the workers want the filling process to work so that almost all cans have volumes between 11.98 oz and 12.70 oz, the range rule of thumb can be used to estimate that the standard deviation should be less than 0.18 oz. Use the sample data to test the claim that the population of volumes has a standard deviation less than 0.18 oz. Use a 0.05 significance level. Complete parts (a) through (d) below. b. Compute the test statistic. x²=0 (Round to three decimal places as needed.) c. Find the P-value. P-value= (Round to four decimal places as needed.) d. State the conclusion. the level of significance. There is evidence to conclude that the population Ho, because the P-value is standard deviation of…
Using the regression model, which is the estimated score in quiz of a student and is the number of hours the student spent in studying before the quiz, interpret the regression constant (bo) 50. None of the above. O The estimated score of a student who had 0 hours spent in studying is 50. The regression constant is not appropriate to interpret. The number of hours needed to have a score of 100 is 50.
8. In a regression model if you drop one insignificant variable then A. R ^ 2 will decrease but SSE will increase. B. R ^ 2 will increase but SSE will decrease. C. R ^ 2 will increase and SSE also will increase. D. R ^ 2 will decrease and SSE also will decrease. E. None

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS