Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. q17 you are given the following formula for the pr

q17 You are given the following formula for the probability of a 20-year-old surviving at...

70.2K

Verified Solution

Question

Finance

q17

You are given the following formula for the probability of a 20-year-old surviving at least n more years:

n p20 = 0.80 0.01n.

What is the probability (40) will survive to at least age 65?
  • A.

    63.6%

  • B.

    35.0%

  • C.

    55.0%

  • D.

    58.3%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume that a sample is used to estimate a population mean μμ. Find the 99.5% confidence...

Statistics
Q

Define the phenomenon of Springback in sheetmetal forming, and provide a detailed explanation of the methods...

Mechanical Engineering
Q

Total Per Unit Sales $ 318,000 $ 20 Variable expenses 222,600 14 Contribution margin 95,400 $ 6 Fixed expenses 72,600 Net operating income $ 22,800 Required: 1. What is the monthly break-even point in unit...

Accounting
Q

A tank of carbon dioxide at room temperature and pressurized to 60 atm is used...

Physics
Q

at distance r 2r 4r 8r and so on form a reference point O The...

Physics
Q

x 2x 1 x 5

Algebra
Q

Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...

Accounting
Q

Materials costs of $423,000 and conversion costs of $559,000 were charged to a processing department...

Accounting
Q

The Williams Company sells a product called Mix-Right for $15 each and uses a perpetual...

Accounting
Q

Almaden Valley Variety Store uses the retail Inventory method to estimate ending Inventory and cost...

Accounting
Q

Excel question I have on how to do this on a blank worksheet. If I...

Accounting
Q

A $5000 municipal bond is offered for sale. It will provide 8% annual interest by...

Accounting