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2009_test1 - ACTL 1001 Actuarial Studies and Commerce Class...

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ACTL 1001 Actuarial Studies and Commerce Class Test 1 Thursday, 20th August 2009 Time Allowed: 45 minutes Total Marks: 45 marks Total Assessment credit: 11% Name: Student ID: Tutor : Andrew / Bernard / David / Gary Tutorial Date & Time: Read through the following information carefully. You can only go to the next pages when told to do so . This class test consists of 5 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 Answer the problems you are most confident with first. Anyone writing after time has expired will be given a mark of zero. GOOD LUCK! 1
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1. [7 marks] You are given the following life table Age d x l x 55 1144 85916 56 1265 57 1393 58 1526 82114 59 1664 80588 Find: (a) [2 marks] The value of l 56 (b) [2 marks] The probability that a 55 year old will not survive to age 59 (c) [3 marks] The probability that a 55 year old will die aged 58 or 59 2
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