Find the Indicated Premium

question 38

Multiple Choice

Find the indicated premium. Round to the nearest cent.
-Find the quarterly premium.
Face Value: $40,000
Age of Insured: 30
Sex of Insured: F
Type of Policy: Whole life

• A)$226.40
• B)$52.62
• C)$202.40
• D)$58.86

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Definitions:

Reverse Causality

A situation where it is unclear whether A causes B or B causes A, challenging assumptions about cause and effect relationships.

Construct Validity

The extent to which a test or tool accurately measures what it is intended to measure, and the degree to which it can be said to truly assess the theoretical construct it purports to measure.

Social Psychologists

Scientists or researchers who study how an individual's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

External Validity

The extent to which the results of a study can be generalized to and across other situations, people, settings, and time periods.