Assume δ = 0.05, ̄Ax = 0.06, 2 ̄Ax = 0.0040. A group of 100 lives age x purchase fully continuous whole life policies of face value $1,000 for continuous premiums of $3.50 per year. Let L be the aggregate loss function (L =100∑i=1Li, where Li represents the net future loss of individual i). Calculate the mean and variance of the aggregate loss L.

Assume δ = 0.05, ̄Ax = 0.06, 2 ̄Ax = 0.0040. A group of 100 lives age x purchase fully continuous whole life policies of face value $1,000 for continuous premiums of $3.50 per year. Let L be the aggregate loss function (L =100∑i=1Li, where Li represents the net future loss of individual i). Calculate the mean and variance of the aggregate loss L.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...

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