Math 472 HW 12 Solutions

# Math 472 HW 12 Solutions - MATH 472/567: Actuarial Theory...

This preview shows pages 1–2. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: MATH 472/567: Actuarial Theory II/Topics in Actuarial Theory I Homework #12: Spring 2011 Assigned April 27, due May 4 1. Telemarketers call your home according to a Poisson process at a rate of = 2 per day. (a) Calculate the average time between calls. (0.50) (b) Calculate the probability that the time between calls 5 and 6 is more than 3 days. (0.0025) 2. An application processor for a small life insurance and life annuity company processes all applications for both products. Applications arrive according to a Poisson process at a rate of 6 per hour, and any one application has probability 0.4 of being for an life annuity policy. (a) Calculate the probability that exactly 3 life annuity applications will arrive in the next hour. (0.2090) (b) Calculate the probability that the next 3 applications received are for life insurance. (0.2160) (c) Calculate the probability that the next 3 life insurance applications will arrive before the next 3 life annuity applications. (0.6826) 3. Job offers for a college graduate with a major in actuarial science arrive accord-3....
View Full Document

## This note was uploaded on 05/18/2011 for the course MATH 472 taught by Professor Zhu during the Spring '08 term at University of Illinois, Urbana Champaign.

### Page1 / 5

Math 472 HW 12 Solutions - MATH 472/567: Actuarial Theory...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online