Insurance companies make bets. They bet that you’re going to live a long life. An insurance company offers a “death and disability” policy that pays average of $10,000 when you die with a standard deviation of $1,000 or pays average $5000 if you are permanently disabled with standard deviation of $1,000. Assuming the distribution of the policy payout is normal. Between what two values will we find the middle 50% of the death policy? 80% of the disability policy would be less than ______. 68% of the disability policy would be between what two values? ______ and _______
Insurance companies make bets. They bet that you’re going to live a long life. An insurance company offers a “death and disability” policy that pays average of $10,000 when you die with a standard deviation of $1,000 or pays average $5000 if you are permanently disabled with standard deviation of $1,000. Assuming the distribution of the policy payout is normal. Between what two values will we find the middle 50% of the death policy? 80% of the disability policy would be less than ______. 68% of the disability policy would be between what two values? ______ and _______
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Insurance companies make bets. They bet that you’re going to live a long life. An insurance company offers a “death and disability” policy that pays average of $10,000 when you die with a standard deviation of $1,000 or pays average $5000 if you are permanently disabled with standard deviation of $1,000. Assuming the distribution of the policy payout is normal.
- Between what two values will we find the middle 50% of the death policy?
- 80% of the disability policy would be less than ______.
- 68% of the disability policy would be between what two values? ______ and _______
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