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A 3-year endowment insurance on (70) provides death benefits of 400 payable at the end of the year of death, if this occurs within 3 years, plus a pure endowment of 200 at age 73, if the insured is then alive. This is purchased by three level premiums of 40.
You are given that q70 = 0.2, q71 = 0.4, q72 = 0.5, and the interest rate is a constant 100%.
(a) Give the complete distributions for the random variable L, and the random variable 1L. Use the latter to find the reserve at time 1.
(b) What should the level premium be if the insurer wants the smallest premium such that the probability of a positive loss is less than 25%?
Assume that x is an Independent variable and y is a dependent variable. Calculate the Pearson correlation coefficient. What does the correlation mean? Is the correlation statistically significant at the 5% level? What is the effect size? What is the ..
question consider the following tableynbspnbspnbspnbspnbspnbsp 0nbspnbspnbspnbspnbspnbspnbspnbsp
Describe the kinds of statistical software that are available to healthcare professionals.
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if the population mean is expected to be 85 and the sample mean is 80 the sample standard deviation is 2 and the sample
Poisson Distribution to Calculate Unscheduled Flight Arrivals
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The average age of the students in the sample was 23 with a standard deviation of 3.5: a) Formulate the hypotheses for this problem.
The file P03.xlsx lists monthly data since 1950 on the well-known Dow Jones Industrial Average (DJIA), as well as the less well-known Dow Jones Transportation Average (DJTA) and Dow Jones Utilities Average (DJUA). Each of these is an index based o..
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