Jim is a 60-year-old Anglo male in reasonably good health. He wants to take out a $50,000 term (that is, straight death benefit) life insurance policy until he is 65. The policy will expire on his 65th birthday. The probability of death in a given year is provided by the Vital Statistics Section of the Statistical Abstract of the United States (116th Edition).
| x = age | 60 | 61 | 62 | 63 | 64 |
| P(death at this age) | 0.01084 | 0.01345 | 0.01657 | 0.02071 | 0.02314 |
Jim is applying to Big Rock Insurance Company for his term insurance policy.
(a) What is the probability that Jim will die in his 60th year?
(Enter your answer to five decimal places.)
Using this probability and the $50,000 death benefit, what is the
expected cost to Big Rock Insurance? (Round your answer to two
decimal places.)
$
(b) Repeat part (a) for years 61, 62, 63, and 64. (Round your
answers to two decimal places.)
| Year | Expected Cost |
| 61 | $ |
| 62 | $ |
| 63 | $ |
| 64 | $ |
What would be the total expected cost to Big Rock Insurance over
the years 60 through 64? (Round your answer to two decimal
places.)
$
(c) If Big Rock Insurance wants to make a profit of $700 above the
expected total cost paid out for Jim's death, how much should it
charge for the policy? (Round your answer to two decimal
places.)
$
(d) If Big Rock Insurance Company charges $5000 for the policy, how
much profit does the company expect to make? (Round your answer to
two decimal places.)
$
In: Statistics and Probability
During a meeting in which you brief your supervisor on a forecasting model, you mention Akaike Information Criterion (AIC) and Schwartz Bayesian Criterion (SBC). The supervisor is familiar with the concept of R2 (coefficient of determination) as the proportion of variance in the data that is explained by the model. Briefly explain why you put more emphasis on AIC and SBC when you decide between models. ALSO.
Explain the Markovian Property, in words, to that same supervisor.
The fundamental matrix of a Markov Model describes the behavior of the system in steady-state (T/F - explain).
In: Statistics and Probability
In: Anatomy and Physiology
Hello my name is Pete. I posted my previous question in error by forgetting to mention that I am located in New York State and am required to go by those rules and regulations.
Erica Swanson (SSN 376-38-4930), age 46, is a single parent with three children:
Her biological son, Sean Swanson (age 19) is a part-time college student who works fulltime as a landscaper
Her biological daughter, Brooklyn Swanson (age 14)
Her adopted daughter, Sydney Swanson (age 12)
Although Erica receives child support from her ex-husband, she provides more than half of the support of all three children. Although her ex-husband does spend time with the children, Erica is their custodial parent; all three children have lived with Erica for the whole year. Erica works as an office manager. Her W-2 from 2018 shows the following information:
Gross wages: $39,500
Social security tax withheld: $2,449
Medicare tax withheld: $573
Federal income tax withheld: $3,950
State tax withheld: $819
401(k) contribution: $5,500
In addition, she accrued $950 of taxable interest during the year. In order to work, Erica has made arrangements for her neighbor, Robin Murphy, to watch the girls after school and during the summer. During the year, Erica paid Robin a total of $5,200 for child care expenses for the two girls (divided evenly). Sean took a couple of classes at the local community college during the year. Erica paid $1,200 for his tuition, fees, and books. His full-time work schedule prohibited him from attending at least half-time. Erica has satisfied the full-year coverage health insurance requirement under the ACA.
Which filing status should Erica use?
What is the amount of wages that Erica should report on Form 1040?
What is the amount of taxable interest that Erica should report on Form 1040?
What is the amount of Erica's AGI?
How many qualifying dependents does Erica have?
What is the amount of Erica's basic standard deduction?
What is the amount of Erica's additional standard deduction?
How much taxable income does Erica have?
What is Erica's tax liability?
Child and dependent care credit
|
Amount of qualifying expenses eligible for credit? |
|
Applicable percentage (from table) |
|
Amount of credit? |
|
Education credits |
|
Which education credit does Erica qualify for? |
|
Amount of credit? |
|
Child tax credit (non-refundable) |
|
Number of qualifying children? |
|
Amount of initial credit? |
|
Amount of non-refundable credit? |
|
Additional child tax credit |
|
Amount remaining after non-refundable credit is taken? |
|
IRS limit for refundable portion? |
|
15% of earned income above $2,500? |
|
Allowable refundable child tax credit? |
|
Earned income credit |
|
Does Erica qualify for the earned income credit? |
|
If so, what is the amount of her credit? |
|
Additional amount due (or refund amount) |
|
Will Erica be getting a refund, or does she owe additional tax? |
|
What is the amount? |
In: Accounting
1. How did you construct the confidence interval (put the formula into words) and Please mention how to find your critical values
2. . And then I need two comparisons/contrasts: compare the 90% and 95% confidence intervals within a group, is one longer than the other? If so, why?
3. Finally, compare the 95% confidence intervals across groups. Is there any overlap in the intervals or is one interval completely greater than the other?
mean: 24025.4 (NY) and 12247.21 (TX)
std. deviation: 16049.05(NY) and 9448.70(TX) respectively
And sample size n=50 for both
In: Math
Plz, use NETBEANS 8.1 or 8.2 to solve it. Mention every answer to it's question
Thank u
Create a new Java Application to manage Linked Lists: (Note: Do not use java.util.LinkedList)
a) Create a Clock class
1. Add hour, minute, and second as attributes
2. Add a constructor and a toString() method
3. Implement the Comparable interface, and add a CompareTo() method
4. Add methods to get and set all attributes.
b) Add to MyLinkedList class the following methods:
1. Insert a node at the front of the list
2. Insert a Node in place, assuming that the list is ordered in ascending order.
3. Delete node in front
4. Delete last node
5. Method to return the size of the list
6. Method to find the node with the minimum value in the list – getMinimum()
c) Create a Test3 class to do the following in the main method:
1. Create a new List (call it clockList) of type MyLinkedList
2. Insert five Clock objects numbers to the list (not ordered).
3. Display all the clocks in the List
4. Sort the List and display it in both ascending and descending
5. Display the largest element in the list
6. Display the smallest element in the list
7. Display the size of the list
8. Search for a particular clock in the List by printing true if found or false.
9. Delete a clock from the front of the list
10. Delete a clock from the back of the list
11. Order the list in ascending order
12. Insert a new clock elements to its appropriate position in the List and display it
In: Computer Science
Write a small assessment no more than 2 pages including mention above: Alternatives and improvements to refrigerators and freezers in Cape York Community.
Remote Indigenous communities rely on refrigeration and freezers to store large amounts of food over time, ensuring traditional hunting practices can be maintained and people can come and go from Country as needed. This project looks at mechanisms for freezing and storing food beyond the generic available appliances which are dependent on connection to a large, pre-existing solar power supply.
Include the following aspect in this report: write a professional and concise document which draws on appropriate background information. An assignment is well written, contains appropriate references and draws on suitable background information. consider the context of the engineering work including social, cultural, environmental and commercial factors. All required factors are considered with sufficient detail and analysis relevant to the proposed project. And there is evidence that standard engineering principles and practices have been applied to the development of the assignment. The document contains all required elements outlined in the task description including introduction, project objective and possible design criteria.
In: Mechanical Engineering
Write a Java application that implements the following class(es) as per business requirements mentioned below:
Create an abstract Insurance class (Insurance.java) that has the following instance variables:
- Insurance number,
- customer name,
- start date of policy ( This should be represented by an object of predefined date class in java),
- customer address [( Create a new Address class ( Address.java ) having following instance data members: House number , Street name, City, Province, Zip code. Implement getter and setter and toString() method for Address class. )]
- Define getter and setter along with validations for all the above instance variables.
- Insurance class should have defined two overloaded constructors: o One for initializing all the instance data members to their default values
o Second for initializing only Insurance number, customer name, start date of policy and address
- Declare an abstract public method double MonthlyPayments() which is used for calculating monthly Insurance installment amount.
- Define toString() to display the values
Create following two subclasses of Insurance class:
• a) LifeInsurance (LifeInsurance.java)
• b) VehicleInsurance (VehicleInsurance .java)
For LifeInsurance class, implement the following:
- Define an instance variable – age of the person. Minimum is 1 and Max is 100.
- Define another Boolean variable – smoker.
- Define getters and setters for the above and validations.
- A constructor for initializing all the instance variables with appropriate values.
- Overriding the method - double MonthlyPayments () which calculates monthly insurance installment.
- Business requirements for calculating the yearly insurance – if the person is <= 25 years of age, then yearly insurance amount is $1500.00. if between 26 and 45, then it is 1.5 times and if above 45, then it is two times of the amount. And if the person is smoker, then add $250.00 to yearly insurance amount but if a person is non-smoker, then give 5% discount on yearly insurance amount before calculating the monthly installment. You need to add GST also which is 13%.
- You need to override toString() method to display the object’s data.
For VehicleInsurance class, implement the following:
- Define an instance variable – model year. It cannot be more than 2020 which is current year. And vehicle cannot be older than 15 years. So if current year is 2020 then model year should >= 2005.
- Define another Boolean instance variable – greenVehicle. (yes – means – electric, no means gasoline)
- Constructor for initializing all the instance variables
- Overriding the method - double MonthlyPayments () which calculates monthly vehicle insurance installment
- Business requirements for calculating the yearly insurance – if the vehicle is <= 5, then yearly insurance amount is $3000.00. if between 6 and 10, then 1.5 times and if above 10, then it two times of the amount. And if the vehicle is not green, then add $300.00 as environment fee to yearly insurance amount but if a vehicle is green, then give 10% discount on yearly insurance amount. You need to add GST also which is 13%.
- You need to override toString() method to display the object’s data.
Create a driver class – InsuranceTest (InsuranceTest.java) which tests above classes by at least creating two objects each of the LifeInsurance and VehicleInsurance classes and then processing them normally and polymorphically
In: Computer Science
Let f: X→Y be a map with A1, A2⊂X and B1,B2⊂Y
(A) Prove f(A1∪A2)=f(A1)∪f(A2).
(B) Prove f(A1∩A2)⊂f(A1)∩f(A2). Give an example in which equality fails.
(C) Prove f−1(B1∪B2)=f−1(B1)∪f−1(B2), where f−1(B)={x∈X: f(x)∈B}.
(D) Prove f−1(B1∩B2)=f−1(B1)∩f−1(B2).
(E) Prove f−1(Y∖B1)=X∖f−1(B1).
(Abstract Algebra)
In: Advanced Math
How do women and men compare in the pursuit of academic degrees? The table below present counts (in thousands) from the Statistical Abstract of degrees earned in 1996 categorized by the level of the degree and the sex of the recipient.
Bachelor Master Professional Doctorate Totals
Female 642 227 32 18
Male 522 179 45 27
Totals
i. Explain why sex is the independent variable.
j. Describe the differences in degree distribution between men and women. Use appropriate percentages.
k. Are these differences significant? Use an appropriate statistical test (with ? = 0.01) to determine whether sex and academic degree are independent.
l. Find lambda for this table. What does this tell us?
In: Statistics and Probability