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An insurance company has three types of annuity products: indexed annuity, fixed annuity, and variable annuity. You...

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Basic Math

An insurance companyhas three types of annuity products: indexed annuity, fixedannuity, and variable annuity. You are given:

  • None of the customers have both fixed annuity and variableannuity.
  • 40% of the customers with fixed annuity also have indexedannuity.
  • Half of the customers with two annuity products have variableannuity.
  • 60% of the customers have indexed annuity.
  • The number of customers who have only the variable annuity isthe same as the number of customers who have two annuityproducts.
  • All customers have at least one type of annuity.

Determine theproportion of the customers who only have the indexed annuity.

  1. 0.35

  2. 0.37

  3. 0.39

  4. 0.41

  5. 0.43

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