Compare the results for males and females

Assignment Help Basic Statistics

Reference no: EM13970279

1. An insurance company has 1,000 policies on men of age 50. The company estimates that the probability that a man of age 50 dies within a year is .01. Estimate the number of claims that the company can expect from beneficiaries of these men within a year.

2. Using the life table for 1981 in Appendix C, write a program to compute the expected lifetime for males and females of each possible age from 1 to 85. Compare the results for males and females. Comment on whether life insur- ance should be priced differently for males and females.

Reference no: EM13970279

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