An actuary measures the probability that a person in a certain population will die at age x

Question:

An actuary measures the probability that a person in a certain population will die at age x by the formula 


image


where λ is a constant such that 0


a. Find the maximum value of P(x) in terms of λ.


b. Sketch the graph of P(x).P

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

Question Posted: