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A Recent Study Found That the Average Life Expectancy of a Person

question 7

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A recent study found that the average life expectancy of a person living in Africa is 53 years with a standard deviation of 7.5 years. If a person in Africa is selected at random, what is the probability that the
Person will die before the age of 65?


Definitions:

Current Income

The income generated from an investment or asset in the form of interest, dividends, or other earnings, typically over a year.

High Dividend Policy

A strategy employed by companies to distribute a significant portion of earnings to shareholders in the form of dividends.

Dislike of Uncertainty

A preference for predictable environments and a tendency to avoid situations with uncertain outcomes.

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