Question
A period of up to one month during which the purchaser
of an annuity can cancel the contract without penalty is known as?Solution
A free look period is a period of time in which a new life insurance policy owner can terminate the policy without penalties, such as surrender charges. A free look period often lasts 10 or more days (depending on the insurer), allowing the contract holder to decide whether or not to keep it; if he or she is not satisfied and wishes to cancel, the policy purchaser can receive a full refund.
- A coin is tossed 2 times. ‘A’ wins the game if at least one tail appears. Otherwise, ‘B’ wins. What is the probability that ‘A’ wins?
What is the probability that three S’s come consecutively in the word ‘SUCCESSION’?
A box contains only three colors of balls- red, green and blue. What is the minimum number of balls that should be picked from the box to ensure that at...
From a well-shuffled deck of 52 cards, two cards are drawn one after the other without replacement. What is the probability that the first card is a red...
A box has 5 red and 3 blue balls. Two balls drawn without replacement. Probability of at least one blue?
A bag contains 7 blue balls, 3 red balls and remaining were black balls. Probability of drawing a black ball from the bag is (4/9) . Find the number of ...
Tickets numbered 1 to 50 are mixed up and then a ticket drawn at random. What is the probability that the ticket drawn bears a number which is multipl...
16 rotten bananas are accidentally mixed with 155 good ones. It is not possible to just look at a banana and tell whether or not it is rotten. One banan...
Two unbiased dice are rolled. What is the probability that the first die shows a composite number and the second die shows a prime number?
There are three 50 paise coins, nine Rs. 1 coins, and fifteen Rs. 2 coins in a container. One coin was lost. Find the probability that it is not a 50 pa...
