Health Care Issues Are Receiving Much Attention in Both Academic

question 2

Multiple Choice

Health care issues are receiving much attention in both academic and political arenas. A sociologist recentlyconducted a survey of citizens over 60 years of age whose net worth is too high to qualify for governmenthealth care but who have no private health insurance. The ages of 25 uninsured senior citizens were as follows: $$\begin{array} { l l l l l l l l l l l l l } 68 & 73 & 66 & 76 & 86 & 74 & 61 & 89 & 65 & 90 & 69 & 92 & 76 \\62 & 81 & 63 & 68 & 81 & 70 & 73 & 60 & 87 & 75 & 64 & 82 &\end{array}$$ Suppose the mean and standard deviation are 74.0 and 9.7, respectively. If we assume that the distribution ofages is bell shaped, what percentage of the respondents will be between 64.3 and 93.4 years old?

• A) approximately 81.5%
• B) approximately 68%
• C) approximately 95%
• D) approximately 83.9%

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Definitions:

Marked-To-Market

Marked-to-market refers to the practice of valuing assets or financial instruments based on their current market prices.

Option Contract

A financial derivative that provides the buyer the right, but not the obligation, to buy or sell an asset at a specified price within a specific time period.

Forward Contract

A derivative financial contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.

Swap Contract

An agreement by two parties to exchange, or swap, specified cash flows at specified intervals in the future.