ACTU PS5821 Actuarial Methods I – Spring 2021
ACTU PS5821 Actuarial Methods I – Spring 2021 (Y. Wang)
Assignment-1
Assigned 1/17/21, Due 1/24/20 (Sun)
Covers numerous future lifetime random variables and associated probabilities
Problem 1.
You are given that = 0.99, = 0.95,and = 0.02. Calculate
[a]
[b]
[c]
[d]
Problem 2.
You are given that
[a] What is the implied limiting age ?
[b] Calculate
Problem 3.
You are given that Calculate
Problem 4.
Suppose is the time lived by () after the age What is the distribution function of in terms of ?
Problem 5.
You are given that What are and ?
2021-01-22