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**ACTUARIAL MATHEMATICS** **ACTUARIAL MATHEMATICS** A light bulb has a survival function of S,(t) = 1 - for osts 3. Jia Light Bulb Insurance Company issues
**ACTUARIAL MATHEMATICS**
**ACTUARIAL MATHEMATICS**
A light bulb has a survival function of S,(t) = 1 - for osts 3. Jia Light Bulb Insurance Company issues a light bulb insurance policy that will pay 1 at the moment when a new light bulb burns out. Let Z be the present value random variable for this insurance coverage. If 8 = 0.05, write an integral expression in terms of t for the Var[Z]. A light bulb has a survival function of S,(t) = 1 - for osts 3. Jia Light Bulb Insurance Company issues a light bulb insurance policy that will pay 1 at the moment when a new light bulb burns out. Let Z be the present value random variable for this insurance coverage. If 8 = 0.05, write an integral expression in terms of t for the Var[Z]Step by Step Solution
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