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Your Clients, Jack and Samantha Are 28 and 26, Respectively

question 9

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Your clients, Jack and Samantha are 28 and 26, respectively. Samantha just gave birth to the couple's first child, a daughter, three months ago. Neither has much investment experience and they are both conservative in respect to risk. They come to you for advice regarding a life insurance policy-one that would help provide financial resources should anything happens to either of them. Which of the following policies would be the least suitable given their situation?


Definitions:

Sample Proportion

The fraction of items in a sample that are of a particular type or category.

Parameter

A quantity that defines certain characteristics of a system or function, often used in statistical analysis to represent a population attribute.

Registered Voters

Individuals who have officially registered to vote in elections within a specified area.

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing the extent to which the survey result is expected to vary from the true population value.

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