Professional financial planners must past stringent federal exams before they are allowed to sell their services

John purchased a life insurance policy with a $250,000 death benefit at age 32. When John died the insurer discovered that he was really 25 years old at the time of application. How much will the beneficiary receive?

A) Half the benefits will be paid for the age stated in the application. B) The death benefit will be increased according to how much coverage the premium John paid would have purchased had he reported his correct age. C) The beneficiary will receive $250,000. D) The beneficiary will receive nothing because John lied on his application."

The purpose of control charts for variables is to ensure that process variation is random and meets standards.

A. True B. False