Question: 2. Let X be an age-at-death random variable with mortality rate (x)=2kx for x0, and where k>0. The mean of the distribution for X is

 2. Let X be an age-at-death random variable with mortality rate

2. Let X be an age-at-death random variable with mortality rate (x)=2kx for x0, and where k>0. The mean of the distribution for X is 55 . (a) Find Var(X). (b) Find the 90th percentile for the distribution of T(30). (c) Find the 90th percentile for the distribution of T(40). (d) Give an intuitive explanation for why your answer in (c) is less than your answer in (b). (e) Give the mortality rate function for T (40)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!