2008_test1fi - ACTL 1001 Actuarial Studies and Commerce...

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ACTL 1001 Actuarial Studies and Commerce Class Test 1 Monday, 25th August 2008 Time Allowed: 55 minutes Total Mark: 100 points Total Assessment credit: 11% Write your name and student number on the space provided: Name:_____________________________ _ Student ID:__________________________ Read through the following information carefully. You can only go to the next pages when told to do so . This class test consists of 6 problems requiring short-written answers. Marks allocated for each problem are as indicated. You may use your own calculator for this exam. You can only start writing down your solutions and answers when told to do so Anyone writing after time has expired will be given a mark of zero. A list of equations can be found in the last page of this booklet. GOOD LUCK! 1
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1. [20 marks] If s ( x ) = q 1 x 80 ± for 0 ± x < 80 calculate the probability that (a) [5 marks] a life aged 15 will survive to age 45 (b) [5 marks] a newborn will die before age 40 (c) [5 marks] a life aged 20 will die between age 45 and 65 (d) [5 marks] q 40 2
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2008_test1fi - ACTL 1001 Actuarial Studies and Commerce...

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