A local club is selling Christmas trees and deciding how many to stock for the month of December
If demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?
A) .60
B) .20
C) .84
D) .40
E) unable to determine given the above information
A
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Ann is considering the purchase of a life insurance policy with these characteristics:
flexible premium payments, the insurance and savings components are separate, the interest rate credited to the cash value is tied to a changing market interest rate but a minimum interest rate is guaranteed, and a monthly administrative fee is charged. Ann is considering buying A) whole life insurance. B) variable life insurance. C) universal life insurance. D) current assumption whole life.
Equal annual annuities assume projects are renewable indefinitely
Indicate whether the statement is true or false