Reference no: EM131001415
Consider a multi-state model for the three lives (x), (y), (z) where we have eight states described below, where the stipulated lives are those still living,
State 0: all; State 1: (x), (y) only; State 2: (x), (z) only; State 3: (y), (z) only; State 4: (x) only; State 5: (y) only; State 6: (z) only; State 7: None.
You are given that μ01 = 0.02, μ02 = 0.01, μ03 = 0.04, μ34 = 0.02, μ35 = 0.06, μ36 = 0.05, μ67 = 0.10 and the force of interest is a constant 0.05.
(a) Find the actuarial present value of an insurance policy on the three lives which pays 1 at the moment of death of (z) provided that (x) dies first and (y) dies second.
(b) Find the probability that the lives die in the order (x), (y), (z).
|
Calculate the magnitude of the resulting electric field
: Part A. A square with 0.5 m sides has point charges of 2.65 x 10-6 C placed on three corners. Calculate the magnitude of the resulting electric field at the fourth (empty) corner. In what direction does this electric field point, if the empty corner..
|
|
Reduce the remaining two years'' interest payments
: Clayton was experiencing severe financial difficulties and asked Third BancCorp to modify the terms of the debt agreement. After negotiation Third BancCorp agreed to:
|
|
The opportunity to draft legislation
: Write a short essay. If given the opportunity to draft legislation (law) or policy (operational), how would you address preventing or mitigating the offenses of sexual assault, property crimes, and organized crime? Support your recommendations with ..
|
|
Problem regarding the sensitive laboratory equipments
: A company that manufactures specialty batteries used as auxiliary back- ups for sensitive laboratory equipments in need of constant power sup- plies claims that its new prototype, brand A, has a longer lifetime (un- der constant use) than the indu..
|
|
Find the actuarial present value of an insurance policy
: Find the actuarial present value of an insurance policy on the three lives which pays 1 at the moment of death of (z) provided that (x) dies first and (y) dies second.
|
|
Thoroughly discuss the organizational structure
: Thoroughly discuss the organizational structure related to community policing. Compare decentralization in context with how the department deploys organizational resources.
|
|
Explain the three basic categories of decision environments
: Class, list and explain the three basic categories of decision environments. Certainty: Means that relevant parameters such as costs, capacity, and demand have known values
|
|
How far would it be to the nearest civilization
: Suppose there are 10,000 civilizations in the Milky Way Galaxy. If the civilizations were randomly distributed throughout the disk of the galaxy, about how far (on average) would it be to the nearest civilization?
|
|
Differentiate between the ideal circumstances identified
: Differentiate between the ideal circumstances identified in the bureaucratic model and the generally accepted characteristics of a bureaucracy. How does this differ from the effectiveness of the administrative theory? Which model, bureaucratic or adm..
|