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Assume 1000 Students All Healthy,all Age 22,and All Male,form a Life

question 35

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Assume 1000 students all healthy,all age 22,and all male,form a life insurance pool to pay $500 to the beneficiaries of any member who dies in the next 365 days.The chance of loss or probability of death for the members of this group is .002.To join the pool a member must pay: (disregard interest earnings and reserves and assume expenses of operating the insurance pool are 30% of losses) .


Definitions:

Gender Expression

How an individual outwardly shows their gender identity, through physical appearance, clothing, behavior, voice, or other forms of presentation.

Biological Sex

The physical and physiological characteristics, including chromosomes, hormone levels, and reproductive/sexual anatomy, that define an individual as male, female, or intersex.

Gender Roles

Societal norms dictating the behaviors, attitudes, and activities considered appropriate for individuals based on their perceived sex.

Social Roles

The expectations, behaviors, and duties assigned to individuals based on their position or status within a society or group.

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