Question: Given: (i) Z is the present value random variable for a whole life insurance of 1 payable at the end of the year of death.

Given: (i) Z is the present value random variable for a

Given: (i) Z is the present value random variable for a whole life insurance of 1 payable at the end of the year of death. (ii) Px = 0.94 for allt (iii) i = 0.07 Calculate Var(Z). a. GT 0.08 BUT LT 0.09 O b. GT 0.07 BUT LT 0.08 c. GT 0.09 BUT LT 0.1 d. GT 0.06 BUT LT 0.07 e. GT 0.05 BUT LT 0.06 Given: (i) Z is the present value random variable for a whole life insurance of 1 payable at the end of the year of death. (ii) Px = 0.94 for allt (iii) i = 0.07 Calculate Var(Z). a. GT 0.08 BUT LT 0.09 O b. GT 0.07 BUT LT 0.08 c. GT 0.09 BUT LT 0.1 d. GT 0.06 BUT LT 0.07 e. GT 0.05 BUT LT 0.06

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