Z denotes the random present value for an insurance contract issued on the independent lives (x), x > 0 and (y), y > 0, where Z = { if T(y) > T(x) otherwise. Given that • (x) is subject to a constant force of mortality of 0.07; • (y) is subject to a constant force of mortality of 0.09; • The force of interest is a constant 8 = 0.06. Compute the variance Var(Z).
Z denotes the random present value for an insurance contract issued on the independent lives (x), x > 0 and (y), y > 0, where Z = { if T(y) > T(x) otherwise. Given that • (x) is subject to a constant force of mortality of 0.07; • (y) is subject to a constant force of mortality of 0.09; • The force of interest is a constant 8 = 0.06. Compute the variance Var(Z).
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.CR: Chapter 2 Review
Problem 111CR: Respiratory Rate Researchers have found that the 95 th percentile the value at which 95% of the data...
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