FINC 355: RETIREMENT AND ESTATE PLANNING HOMEWORK #2 ANSWER SHEET DIRECTIONS: Here is the Homework #2 Answer Sheet that you should submit to your Homework #2 Assignment Folder. Please submit your Homework #2 in MS Word format with the following file name: LastNameFirstInitial_Homework02AnswerSheet.docx. For example, if you name is John Smith, the file name of your Answer Sheet should be SmithJ_Homework02AnswerSheet.docx. If you have any questions or comments, please do not hesitate to contact me. NAME: _____________________________________ Question Number Answer 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 In analyzing hits by V-1 buzz bombs in World War II, South London was subdivided into regions, each with an area of 0.25km squared. Shown below is a table of actual frequencies of hits and the frequencies expected with the Poisson distribution. Use the values listed and a 0.05 significance level to test the claim that the actual frequencies fit a Poisson distribution. Number of bomb hits: 0 1 2 3 4 or More Actual # of regions: 229 211 93 35 8 Expected # or regions: 227.5 211.4 97.9 30.5 8.7 A. What is the Null hypothesis? a. The actual frequencies do not fit a Poisson distribution. b. The actual frequencies fit a Poisson distribution. B. What is the Test statistic? C. What is the Critical Value? D. What is the P-value? E. Should we reject the null hypothesis? FINC 355 RETIREMENT AND ESTATE PLANNING HOMEWORK 2 1 DIRECTIONS: Here is the Homework #2 Assignment. Use the Homework #2 Answer Sheet for your responses to the questions. When you have completed Homework #2 submit the Answer Sheet to your Homework #2 Assignment Folder. Please submit your Homework #2 in MS Word format with the following file name: LastNameFirstInitial_Homework02AnswerSheet.docx. For example, if you name is John Smith, the file name of your Answer Sheet should be SmithJ_Homework02AnswerSheet.docx. 1-Under a qualified domestic relations order (QDRO) a. a demand for cash payment can be made even if the plan has no provision for the account owner b. a person who receives a distribution because of a QDRO can roll over the distribution to his/her own retirement account and preserve the tax deferral c. a means is provided to circumvent the provision that qualified plan benefits cannot be assigned to another d. a and b e. b and c 2- For IRAs, the early distribution penalty applies to all of the following, except a. distributions attributable to the participant’s disability b. distributuions to unemployed individuals for health insurance premiums under certain conditions c. distributions to the IRA participant’s estate prior to the participant’s death d. distributions for higher education costs for the taxpayer e. distributions made on or after attainment of age 59 ½ 3- As an actuary, you are helping Roadster Custom Auto Shop determine the annual cost of its defined b ...