The business reporting process comprises all of the following except:
a. preparing general purpose external financial statements
b. generating ad hoc and predetermined business reports for management
c. ensuring that the external financial statements adhere to GAAP
d. fueling the financial reporting, business reporting, and other reporting subsystems by providing the information needed to prepare external and internal reports
D
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What will be an ideal response?
A life insurance company wants to estimate its annual payouts. Assume that the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 4 years
What proportion of the participants die before they reach the age of 65?