With a Decreasing Term Policy,the Face Value Amount ____ Annually

question 132

Multiple Choice

With a decreasing term policy,the face value amount ____ annually and the premiums ____ annually.

• A)decreases; decrease
• B)decreases; remain constant
• C)remains constant; decrease
• D)remains constant; remain constant

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Definitions:

Population of Interest

The complete set of individuals or elements who are the subject of study in a statistical analysis.

Hand-picked

Selected with great care or with particular criteria in mind.

T-statistic

A value used in statistical analysis that measures the size of the difference relative to the variation in a sample data set.

Group Comparison Study

A research method that involves comparing two or more groups to assess differences or similarities regarding specific variables.