Policyholders Who Prefer to Invest Their Savings Themselves Will Likely

question 18

True/False

Policyholders who prefer to invest their savings themselves will likely opt for whole life insurance over term insurance. ​

Understand the difference between discrete and continuous random variables.

Calculate mean (expected value) and standard deviation of a given probability distribution.

Identify examples of discrete and continuous random variables in real life.

Understand and calculate probabilities associated with discrete random variables.

---

Definitions:

Depression of 1893

A severe economic downturn in the United States that led to widespread unemployment, bank failures, and a contraction of the national economy.

Overexpansion

The rapid and often uncontrollable growth of a business, territory, or economy, which can lead to inefficiency, unmanageability, and financial problems.

American Railroads

A network of rail transport that significantly contributed to the economic development and westward expansion of the United States throughout the 19th and 20th centuries.

Railroad Industry

The railroad industry encompasses companies that operate railroads, which are large networks of track on which trains travel to transport goods and passengers.