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ST472 F10 Quiz 3 Solution

ST472 F10 Quiz 3 Solution - 1 Quiz 3 STAT 490 October 5...

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Unformatted text preview: 1. Quiz 3 STAT 490 October 5, 2010 You are given that mortality follows the Illustrative Life Table with i = 0.06 . Calculate d—— . 63:12 00 63952:; 2. You are given: a. Mortality follows DeMoivre’s law with a) = 100 . b. 6 = 3%. L is the loss random variable at issue for a fully continuous whole life insurance on (60) with premiums determined based on the Equivalence Principle. Calculate the Var(L). VOA(L>Z 7““ éiéw ...
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