Express the following in standard actuarial notation. a. The probability that a life aged 50 exact will
Question:
Express the following in standard actuarial notation.
a. The probability that a life aged 50 exact will survive to age 56 exact.
b. The probability that a life aged 40 exact will die aged either 90, 91, or 92.
c. The probability that a new-born will die either aged 60, 61, or 78.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
We use standard tPt and tqt notation in each case a The probability ...View the full answer
Answered By
Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
Linkedin profile link:
https://www.linkedin.com/in/gaurav-soni-38067110a
5.00+
7+ Reviews
13+ Question Solved
Related Book For
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
Question Posted:
Students also viewed these Sciences questions
-
Calculate the following using the data in Table 9.3. a. The total number of deaths between ages 60 and 65. b. The probability that a life aged 56 exact will survive to age 80 exact. c. The...
-
A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...
-
The US Social Security Administration collects information on the life expectancy and death rates of the population. Table 11.6 gives the number of US men out of 100,000 born alive who will survive...
-
After examining all the potential projects, you discover that there are many more projects this year with positive NPVs than in a normal year. What two problems might this extra large capital budget...
-
A very long glass rod of 2-cm diameter has one end ground to a convex spherical surface of radius 5 cm. Its index of refraction is 1.5. (a) A point object in air is on the axis of the rod 20 cm from...
-
In 1994, you purchased a $1,000 corporate bond issued by Boeing. At the time, the interest rate for the bond was 6 percent. Today, comparable bonds are paying 4.30 percent. a. What is the approximate...
-
Executives of Random Recordings, Inc., produced a digital album titled Sunshine/Moonshine by the Starshine Sisters Band. (a) Using the price and cost information in the table, prepare a chart like...
-
Match the following definitions (or partial definitions) of the various types of services to the appropriate term. Each term may be used once or not at all. Definition (or Partial Definition) a. A...
-
Which of the following problems might be solved by using the Forecasting Sheet in Excel? A. Predicting future yearly income when the past data is quarterly. B. Predicting income in future quarters...
-
The 1-year survival probability of a particular species of animal is known to be given by where x = 0, 1, 2, . . . is age. a. Calculate the probability that an animal aged 5 exact will survive...
-
State the sample space associated with the following experiments. a. Tossing a coin. b. Drawing a single ball from a bag containing balls c. Drawing two balls without replacement from the bag in part...
-
Evaluate each of the following possible alcohol syntheses as being good (the desired alcohol is the major or only product), not so good (the desired alcohol is a minor product), or worthless. (a) (b)...
-
Question 4 25 p J Mart is considering purchasing a new inventory control system featuring state-of-the-art technology. Two vendors have submitted proposals to supply J Mart with the new system. The...
-
ME 2352 Design Optimization Assignment TWO, due February 6th, 2024, 4:00 pm University of New Brunswick Department of Mechanical Engineering 1. By use of definition of linear dependency determine if:...
-
IKEA's People and Planet Positive sustainability plan, launched in 2012, aims to contribute to a better life for people and a better future for the planet. The plan outlines several sustainable goals...
-
Question 4 [25 marks] A cantilever beam AB is fixed to a wall and is subjected to concentrated and distributed loads as shown in figure B1. a) Draw the free-body diagram of the problem. [5 marks] a)...
-
GMC is an Australian farm machinery manufacturer, operating since 1975. The company makes high-quality farm machinery and equipment including a range of slashers, mowers, aerators, mulchers and...
-
A microscope has an eyepiece of focal length 2.00 cm and an objective of focal length 3.00 cm. The eyepiece produces a virtual image at the viewer's near point (25.0 cm from the eye). (a) How far...
-
Respond to the ethical judgments required based on the following scenarios. Scenario 1. Assume you have collected a sample using MUS and that you have evaluated that sample to calculate a total...
-
A 455 cm 3 vessel contains a mixture of Ar and Xe. If the mass of the gas mixture is 2.245 g at 25.0C and the pressure is 760. Torr, calculate the mole fraction of Xe in the mixture.
-
A vessel contains 1.15 g liq H 2 O in equilibrium with water vapor at 30.C. At this temperature, the vapor pressure of H 2 O is 31.82 torr. What volume increase is necessary for all the water to...
-
Consider a 31.0 L sample of moist air at 60.C and one atm in which the partial pressure of water vapor is 0.131 atm. Assume that dry air has the composition 78.0 mole percent N 2 , 21.0 mole percent...
-
An underlying asset price is at 100, its annual volatility is 25% and the risk free interest rate is 5%. A European call option has a strike of 85 and a maturity of 40 days. Its BlackScholes price is...
-
Prescott Football Manufacturing had the following operating results for 2 0 1 9 : sales = $ 3 0 , 8 2 4 ; cost of goods sold = $ 2 1 , 9 7 4 ; depreciation expense = $ 3 , 6 0 3 ; interest expense =...
-
On January 1, 2018, Brooks Corporation exchanged $1,259,000 fair-value consideration for all of the outstanding voting stock of Chandler, Inc. At the acquisition date, Chandler had a book value equal...
Study smarter with the SolutionInn App