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The Average Life of Canadian Women Is 73

question 178

Essay

The average life of Canadian women is 73.75 years and the standard deviation of the women's life expectancy in Canada is 6.5 years.
-Using the Chebychev's theorem,determine the minimum percentage of women in Canada whose life expectancy is between 64 and 83.5 years.


Definitions:

Fair Value

The estimated market value to sell an asset or the required payment to delegate a liability, during a structured transaction as of the specified valuation date.

Partial Equity Method

An accounting approach used when an investing entity has significant influence over an investee but does not consolidate its financial statements.

Noncontrolling Interest

A share of equity ownership in a subsidiary not attributable to the parent company, reflecting the minority investors' claim on assets and earnings.

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