Suppose that the length W of a mans life does follow the Gompertz distribution with (w) a(1 1)w ae(ln 1 1)w, P(63 W 64) 0 01 Determine the constant a and P(W 71 70 W) ...

Suppose that the length W of a mans life does follow the Gompertz distribution with (w) =

Question:

Suppose that the length W of a man’s life does follow the Gompertz with λ(w) = a(1.1)w = ae(ln 1.1)w, P(63 < W < 64) = 0.01. Determine the constant a and P(W ≤ 71 | 70 < W).
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...