Explain whether the standard normal distribution or the t-distribution is employed under the following circumstances: A) Population: Not given; Sample size: 50; Population standard deviation: Given B) Population: Normal; Sample size: 16; Population

Which of the following statements regarding annuities is NOT true?

A) If a beneficiary has not been named, the death benefit is paid to the owner's estate. B) A 10% penalty on taxable earnings is levied if withdrawals are taken prior to age 70½. C) Annuities may be used to liquidate an estate. D) The annuitant receives the checks in the annuitization period.

An insider is a person, such as a corporate officer, director, or majority shareholder, who has access to material nonpublic information about a company or the securities market

Indicate whether the statement is true or false