Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A certain life table has value = 0.1222 and +1 = 0.1384 . Actuary A calculates the value of +0.5 based on the UDD assumption

A certain life table has value = 0.1222 and +1 = 0.1384 . Actuary A calculates the value of +0.5 based on the UDD assumption resulting in a value of "a". Actuary B calculates the same probability based on the assumption of constant force of mortality in each integral year of age, resulting in a value of "b". What is the sum of a and b?

(a) 0.25 (b) 0.26 (c) 0.27 (d) 0.28 (e) 0.29

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of College Algebra

Authors: Margaret L Lial, John E Hornsby, David I Schneider, Teresa McGinnis

10th Edition

0321970632, 9780321970633

More Books

Students also viewed these Mathematics questions

Question

What types of cables are commonly used in wired LANs?

Answered: 1 week ago

Question

Discuss the various types of policies ?

Answered: 1 week ago

Question

Briefly explain the various types of leadership ?

Answered: 1 week ago

Question

Explain the need for and importance of co-ordination?

Answered: 1 week ago

Question

Explain the contribution of Peter F. Drucker to Management .

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago