SOLUTION: A company must decide their position on their pension plan based on the probability distribution of the length of life of their retired employees. Suppose the probability distribut
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Question 808656: A company must decide their position on their pension plan based on the probability distribution of the length of life of their retired employees. Suppose the probability distribution of the lifetimes of their employees is approximately a normal distribution with µ=74 years and σ=8.6 years.
A)What percentage of their retired employees would receive payments beyond age 76?
B)Only 12.5% of their retired employees will receive payment beyond what age? Answer by stanbon(75887) (Show Source):
(