comm 121 4.docx - 22 Given that X is a normally distributed...

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22.Given that X is a normally distributed variable with a mean of 50 and a standard deviation of 2, find the probability that X is between 47 and 54. 23.A company that sells annuities must base the annual payout on the probability distribution of the length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients would receive payments beyond age 75? 24.A company that sells annuities must base the annual payout on the probability distribution of the length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients die before they reach the standard retirement age of 65?

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