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1.
For a refrigerator, you are given that
2
0
1
,0
20
400
t
t
pt
.
The Purdue Actuarial club owns
two refrigerators.
One is brand new and one was purchased 10 years ago.
Determine the
expected future lifetime of each refrigerator.
2.
For a refrigerator, you are given that
2
( )
1
400
t
st
.
For a new refrigerator, calculate the
Var[T(x)].
3.
The a person age 80, you are given

(
1) / 210,0
20
tx
q
t
t
.
Calculate
80:10
e
.
4.
For patients who enter a nursing home, you have the following table showing how many remain
in a nursing home after a certain number of months:
Duration in
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This note was uploaded on 02/17/2012 for the course STAT 490 taught by Professor Na during the Fall '11 term at Purdue UniversityWest Lafayette.
 Fall '11
 NA

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