5.28 Variable life insurance return rates. Refer to theTHEMENTEInternational Journal of Statistical Distributions (Vol. 1, 2015)Pstudy of a variable life insurance policy, Exercise 4.97 (p. 239).SE HANDERecall that a ratio (x) of the rates of return on the investment forCSEtwo consecutive years was shown to have a normal distribution,DPENZI NIMEREN MERCwith = 1.5 and o= .2. Consider a random sample of 100PWWWFESTE!variable life insurance policies and let represent the meanCOMEratio for the sample.a. Find E(T) and interpret its value.b. Find Var(z).c. Describe the shape of the sampling distribution of .d. Find the z-score for the value = 1.52.e. Find P(x > 1.52).f. Would your answers to parts a-e change if the rates (x)of return on the investment for two consecutive yearswas not normally distributed? Explain.

Recall that a ratio (x) of the rates of return on the investment for P FRAME TIMESTAME two consecutive years was shown to have a normal distribution, CAMENG METHAN Pa da p with = 1.5 and σ = .2. Consider a random sample of 100 SEMENTARE variable life insurance policies and let represent the mean ratio for the sample. a. Find E() and interpret its value. b. Find Var(x). c. Describe the shape of the sampling distribution of .

Recall that a ratio (x) of the rates of return on the investment for P FRAME TIMESTAME two consecutive years was shown to have a normal distribution, CAMENG METHAN Pa da p with = 1.5 and σ = .2. Consider a random sample of 100 SEMENTARE variable life insurance policies and let represent the mean ratio for the sample. a. Find E() and interpret its value. b. Find Var(x). c. Describe the shape of the sampling distribution of .

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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