Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. an insurance company has three types of annuity pr

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

50.1K

Verified Solution

Question

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

Answer & Explanation Solved by verified expert
3.7 Ratings (430 Votes)
    See Answer
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

20172016Current Ratio (Working Capital )            5.78         5.18Quick Ratio     &nbs20172016Current Ratio (Working Capital )            5.78         5.18Quick Ratio            4.90         4.60A/R Turnover5.915.53Inventory Turnover104.9692.72Gross margin68%66%Return...

Accounting
Q

Consider the given function. Evaluate the Riemann sum for 0 ≤ x ≤ 3, with n =...

Basic Math
Q

You have discovered a new galaxy and you think you have identified an Type II Cepheid...

Physics
Q

who to design ram air turbine blade by BEM-based approach

Mechanical Engineering
Q

Find the volume of the square pyramid shown Round to the nearest tenth if necessary...

Geometry
Q

1 At the beginning of the week Miguel s odometer reads 86 845 At the...

Basic Math
Q

Solve the following equation for over the interval [0, 2?), giving exact answers in...

Calculus
Q

You deposit $750 each month into an account earning 7.9% interest compounded monthly.a) How much...

Algebra
Q

Graph the function Based on the graph state the domain and the range and find...

Algebra
Q

Division A sells soybean paste internally to Division B, which, in turn, produces soybean burgers...

Accounting
Q

Problem 9.05 a1-a6 Crane Corp. is a fast-growing company whose management expects it to grow...

Accounting
Q

Harry, age 29, and Mary, age 32, are married and have earned income of $54,780...

Accounting