What is the premium cost for a 48-year-old female purchasing a straight life insurance policy worth $220,000?

The premium for a life insurance policy can vary significantly based on several factors, including the applicant’s age, gender, health status, lifestyle choices, and the insurance company’s underwriting criteria. In this case, we are focusing on a 48-year-old female looking to purchase a straight life insurance policy with a face value of $220,000. Insurance companies … Read more

How do you calculate the range and interquartile range from the data set containing the values 10, 20, 12, 17, and 16?

Calculating the Range and Interquartile Range To compute the range and the interquartile range (IQR) of a data set, follow these steps: Step 1: Organize the Data First, arrange the data values in ascending order. For your data set: 10, 12, 16, 17, 20 Step 2: Calculate the Range The range is the difference between … Read more