Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. For the country of Zooto, you are given: - Zooto publishes mortality rates in 2-year intervals, that is mortality rates are of the form:
1. For the country of Zooto, you are given: - Zooto publishes mortality rates in 2-year intervals, that is mortality rates are of the form: 2q2x for x=0,1,2, - Deaths are assumed to be uniformly distributed between 2x and 2x+2, for x=0,1,2, - 2p62=0.9,2p64=0.88 and 3.75p62.75=0.79097. Calculate the probability that a person in Zooto now age 66 will die before reaching age 68. [Hint: recall the usual UDD assumption tqx=tqx with x=0,1,2, and t[0,1). With a similar reasoning UDD in the country of Zooto implies tq2x=2t2q2x with t[0,2).] 1. For the country of Zooto, you are given: - Zooto publishes mortality rates in 2-year intervals, that is mortality rates are of the form: 2q2x for x=0,1,2, - Deaths are assumed to be uniformly distributed between 2x and 2x+2, for x=0,1,2, - 2p62=0.9,2p64=0.88 and 3.75p62.75=0.79097. Calculate the probability that a person in Zooto now age 66 will die before reaching age 68. [Hint: recall the usual UDD assumption tqx=tqx with x=0,1,2, and t[0,1). With a similar reasoning UDD in the country of Zooto implies tq2x=2t2q2x with t[0,2).]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started