question archive 1) Suppose the probability distribution of the lifetimes of the participants in the plan is approximately a normal distribution with a mean of 68 years and a standard deviation of 3
1) Suppose the probability distribution of the lifetimes of the participants in the plan is approximately a normal distribution with a mean of 68 years and a standard deviation of 3
Subject:MathPrice: Bought3
|
1) Suppose the probability distribution of the lifetimes of the participants in the plan is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients would receive payments beyond age 75? |
|
2. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients die before they reach the standard retirement age of 65? |
|
3. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. Find the age at which payments have ceased for approximately 86% of the plan participants. |
