Question: A certain life table has value = 0.1222 and +1 = 0.1384 . Actuary A calculates the value of +0.5 based on the UDD assumption

A certain life table has value = 0.1222 and +1 = 0.1384 . Actuary A calculates the

value of +0.5 based on the UDD assumption resulting in a value of "a". Actuary B

calculates the same probability based on the assumption of constant force of mortality in each

integral year of age, resulting in a value of "b". What is the sum of a and b?

(a) 0.25 (b) 0.26 (c) 0.27 (d) 0.28 (e) 0.29

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 Mathematics Questions!