Frank Reynolds is a bar owner who recently turned 50. He decides to buy $90,000 of continuous whole life insurance under the following assumptions: i) µ50+t = 0.06 for all t ii) 8 = 0.05 Calculate the variance of this insurance. A. 49,091

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
need correctly
4) Frank Reynolds is a bar owner who recently turned 50. He decides to buy $90,000 of
continuous whole life insurance under the following assumptions:
i) µ50+t = 0.06 for all t
ii) 8 = 0.05
Calculate the variance of this insurance.
А. 49,091
В. 2,091,942
C. 627,582,645
D. 3,037,500,000
E. None of above.
Transcribed Image Text:4) Frank Reynolds is a bar owner who recently turned 50. He decides to buy $90,000 of continuous whole life insurance under the following assumptions: i) µ50+t = 0.06 for all t ii) 8 = 0.05 Calculate the variance of this insurance. А. 49,091 В. 2,091,942 C. 627,582,645 D. 3,037,500,000 E. None of above.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman