Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Proceeding from an heuristic argument, show that er _ 2Px(2 + ex+2). If a person survives 2 years (with probability 2pz), her/his mean curtate-future-lifetime will

image text in transcribed
Proceeding from an heuristic argument, show that er _ 2Px(2 + ex+2). If a person survives 2 years (with probability 2pz), her/his mean curtate-future-lifetime will be 1 + ex+2. However, her/his curtate-future-lifetime will be 1 when she/he dies within 2 years. If a person dies within 2 year, her/his curtate life time will be 2, and if the person survives 2 year (with probability 2pr), her/his mean curtate life time will be ex+2 O If the person survives one year (with probability pr), her/his mean curtate life time will be 1 + er+1 O If a person survives 2 years, then, at this moment, the total (starting from the age a) expected life time equals 2+ er+2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

19th edition

978-0077804770, 78025613, 77804775, 978-0078025617

Students also viewed these Mathematics questions