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A Company That Sells Annuities Must Base the Annual Payout

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Short Answer

A company that sells annuities must base the annual payout on the probability distribution of the length of life of the participants in the plan.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.


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Résumé

A document summarizing an individual's background, skills, and accomplishments, typically used for job applications.

Interviewing

The process of asking questions and evaluating a candidate for a specific role or purpose.

Job Offers

A job offer is a proposal from an employer to a potential employee to take a specific position of employment within their organization.

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The state of being removed or taken back, or a description of someone who is introverted and not engaging with others.

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