The time it takes to completely tune an engine of an automobile follows an exponential distribution with a mean of 40 minutes

a. What is the probability of tuning an engine in 30 minutes or less?
b. What is the probability of tuning an engine between 30 and 35 minutes?


a. 0.5276
b. 0.0555

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Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500 per month from the insurer, and her life expectancy is 15 years (180 months)

Assume that Juanita receives 12 monthly payments of $500 the first year. How much taxable income must she report? A) $3,000 B) $4,000 C) $4,500 D) $6,000

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Which of the following statements about trust fund plans is (are) true? I. The trustee typically purchases annuities for retiring employees. II. The trustee guarantees the adequacy of the fund to pay the promised benefits

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In the context of the Myers-Briggs Type Indicator (MBTI), ________ types prefer a learning atmosphere in which an emphasis is placed on meaning and associations. Insight is valued more than careful observation.

A. sensing B. feeling C. intuitive D. perceiving

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