Which of the following are advantages of simulation?
I. time compression
II. "what-if?" questions are possible
III. flexibility
IV. repetitive approach
V. input must be user generated
A) I, III, V
B) I, II, V
C) II, III, IV, V
D) I, II, IV, V
E) I, II, III
E
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The life cycle of a disaster relief supply chain begins with the ________ step
Fill in the blanks with correct word
ABC Life Insurance Company is offering a new product. The product is a two-year term insurance policy funded by a single premium at the start of the first year. Death claims are paid at the end of the year in which death occurs
A portion of the appropriate mortality table is shown below. The first number is age, the second is the number alive at the start of the year, and the last number is the number dying during the year. 39 9,693,539 14,928 40 9,678,611 15,970 Using a 5.5 percent interest rate, the present value of $1 one year from today is .9479, and the present value of $1 two years from today is .8985. Assuming a 5.5 percent interest rate, what is the net single premium for a $1,000 two-year term policy issued at age 39? A) $1.49 B) $2.94 C) $5.67 D) $12.83