Assume that all of the life insurance policies listed below have a $50,000 face value, are sold by the same insurer, and have identical expense and mortality rates. Which of these, sold to a 27 year old female, should be the least expensive?

What is the purpose of the PRSA Member Statement of Professional Values?

What will be an ideal response?

A researcher is studying cancer mortality rates for men in five southern states. In the five states, the sample standard deviation is 6.76 (per 100,000). A 98 percent confidence interval estimate of the population variance is represented by:

a. 5(6.76) / 13.277 and 5(6.76) / 0.297. b. 5(6.762) / 13.277 and 5(6.762) / 0.297. c. 4(6.76) / 13.277 and 4(6.76) / 0.297. d. 4(6.762) / 13.277 and 4(6.762) / 0.297. e. 4(6.762) / 0.297 and 4(6.762) / 13.277.