Question
The conversion of the account balance of a deferred
annuity contract to income payments is termed as?Solution
Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant. Annuity payments may only be made to the annuitant or to the annuitant and a surviving spouse in a joint life arrangement. Annuitants can arrange for beneficiaries to receive a portion of the annuity balance upon their death.
The fair dice is rolled 15 times and face value are noted
Face Value: 1 2 3...
The incomes of the employees in a state is assumed to be normally distributed with mean ₹15,000 and variance ₹900. The median of the distribution o...
The mean and median of the distribution is 12 and 15. Then the mode equals to:
For the variables X and Y, we collect 4 observations with ∑ X = 10,∑ Y = 14,∑ X2 = 30,∑ Y2 = 54,∑ XY = 31 The regressio...
Which of the following options is correct when data is classified on the basis of attributes?
For ANOVA table
the F - statistics is:
The mode of the given data set is 12. The sum of the frequency on both sides of mode are 16. The skewness:
For the study purpose, the mean of the observations is 148 gm and standard deviation is 17.4 gm. Approximately, the coefficient of variation equals to:
The purchasing power of money is equal to:
