11. An actuary models the future lifetime of (50) as follows. T (50) has a force...
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11. An actuary models the future lifetime of (50) as follows. T (50) has a force of mortality , where has the pdf μ 9 (µ) = { { g 2μ 0 < μ < 100 1002 0 otherwise (a) Find the survival function for T (50). (b) Find the pdf for T (50). (c) Find the mortality rate function for T (70). (d) Approximate the probability that a 70-year-old dies within the next day by using (c). (e) Find the exact probability a 70-year-old dies within the next day by using (c). 11. An actuary models the future lifetime of (50) as follows. T (50) has a force of mortality , where has the pdf μ 9 (µ) = { { g 2μ 0 < μ < 100 1002 0 otherwise (a) Find the survival function for T (50). (b) Find the pdf for T (50). (c) Find the mortality rate function for T (70). (d) Approximate the probability that a 70-year-old dies within the next day by using (c). (e) Find the exact probability a 70-year-old dies within the next day by using (c).
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Answer rating: 100% (QA)
a The survival function for T50 is given by St PT50 t exp0t ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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