Savings banks are permitted to sell a form of life insurance called savings bank life insurance (SBLI). Theapproval process consists of underwriting, which includes a review of the application, a medicalinformation bureau check, possible requests for additional medical information and medical exams, and apolicy compilation stage during which the policy pages are generated and sent to the bank for delivery. Theability to deliver approved policies to bank customers in a timely manner is critical to the profitability ofthis service to the bank. During a period of one month, a random sample of 27 approved policies wasselected, and the following total processing times in days, were recorded;731956311791286090171717281656642263314550184892516916How is the data distributed?Select the correct response:distribution is symmetricdistribution is skewed to the leftdistribution is skeweddistribution is skewed to the right

Given data Histogram is shown below

Answered: Savings banks are permitted to sell a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Chimney Commercial Corporation (CCC) has new funds that must be allocated to agriculture loans, personal loans, and mortgage loans. The annual rates of return for the three types of loans are 12% for agriculture loans, 9% tor personal loans, and 7% for morngage loans. The CC's planning committee has decided following conditions must be met. • At least 60% of the new funds must be allocated to agricuiture loans. • The amount allocated to personnel loans cannot exceed 70% of the amount allocated to mortgage loans. • Agriculture loan must be at most 2.50 times the mortgage loan • The amount allocated to mortgage loan must be equal to the sum of 20% of the agriculture and 75% of the personal loan Formulate a linear programming model that can determine the amount of funds CCC should allocate to each type of loan to maximize the total annual return for the new funds (11-a) Define the decision variable/s property (-b) Write down the objective function (I1-c) Write down all constraint/s in…
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A life insurer issued a special endowment insurance policy to a life aged 35, with term 5 years. The death benefit payable at the end of the year of death, is equal to £1, 000 plus the reserve that would have been held at the end of the year had the policyholder been alive. The maturity benefit (benefit paid at maturity if the policyholder still alive) is £1, 000. The premium is £200, payable annually in advance. The basis is AM92 ultimate life table and the interest is 4% per annum. (a) Find the reserve just before the payment of the 3rd premium by using the recursive relation between reserves. (b) Find the policy value at issuance using the same recursive method as above. (c) Explain why your answer to (b) is not consistent with the equivalence principle and give two examples of how this may have arisen.
Please do the following questions with full handwritten working out
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An account that is established for accumulating funds to meet future obligations or debts is called a [Select] fund.
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