Expected value for the insurance policy
A 28yr old man pays $165.00 for a one year life insurance policy with coverage of $140,000.00. If the probability that he will live thru the year is 0.9994, what is the expected value for the insurance policy?
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If a simple Pearson correlation value = .685, what percentage of variance is accounted for?
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When analysis of data reveals differential effects of one factor across levels of another factor, what is this called?
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