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Set 13 Life Tables

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Question 1

(Short Answer)

Free
Use Table 13-1 to solve the following problems involving Life Tables.
-Given 500 people who reach their 49th birthday, what is the expected number of people who survive to their 50th birthday?

Answer

Question 2

(Short Answer)

Free
Assume there are 4,121,000 births in the United States this year (based on data
from the U.S. National Center for Health Statistics). Use Table 13-1 to solve the
following problems involving Life Tables.
-To estimate the number of people who will be eligible to join AARP, find the number of people born this year who are expected to be alive on thei Assume there are 4,121,000 births in the United States this year (based on data from the U.S. National Center for Health Statistics). Use Table 13-1 to solve the following problems involving Life Tables. -To estimate the number of people who will be eligible to join AARP, find the number of people born this year who are expected to be alive on thei   birthday. birthday.

Answer

Question 3

(Short Answer)

Free
Using the following information, write the word, phrase, or
value that best answers the problem.
-An individual who has just reached thei Using the following information, write the word, phrase, or value that best answers the problem. -An individual who has just reached thei   birthday wants to purchase a one-year term life-insurance policy that would pay $50,000 in the event of their death before the age of 60. What is the minimum amount that an insurance company must charge for this policy, assuming that this minimum amount would result in no gain or loss for the insurance company issuing many policies under the same circumstances? birthday wants to purchase a one-year term life-insurance policy that would pay $50,000 in the event of their death before the age of 60. What is the minimum amount that an insurance company must charge for this policy, assuming that this minimum amount would result in no gain or loss for the insurance company issuing many policies under the same circumstances?

Answer