Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the select and ultimate table below, calculate the probability that someone currently aged 72 that was insured one year ago will die between ages

Using the select and ultimate table below, calculate the probability that someone currently aged 72 that was insured one year ago will die between ages 74 and 75.

Age [x]

q [x]

q [x] + 1

q [x] + 2

q x + 3

Attained

age x+3

70 0.0175 0.0250 0.0315 0.0375 73
71 0.0190 0.0275 0.0345 0.0425 74
72 0.0210 0.0300 0.0375 0.0465 75

  • A.

    0.0425

  • B.

    0.0356

  • C.

    0.0399

  • D.

    0.0375

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_2

Step: 3

blur-text-image_3

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 Financial Accounting

Authors: Belverd E. Needles, Marian Powers

12th edition

978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283

More Books

Students also viewed these Accounting questions