An actuary measures the probability that a person in a certain population will die at age x

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An actuary measures the probability that a person in a certain population will die at age x by the formula 


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where λ is a constant such that 0


a. Find the maximum value of P(x) in terms of λ.


b. Sketch the graph of P(x).P

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Related Book For  answer-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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