Find the present value of the benefits on this policy

Assignment Help Basic Statistics
Reference no: EM131001789

1. Suppose that in a double-decrement model, q′(1) = q′(2). Show that Method 1 and Method 2 lead to the same answer for the unprimed rates.

2. In a double-decrement table, with decrements d for death and w withdrawal, we have that q(d) is a constant 0.10 for all x and q(w) is a constant 0.02 for all x. The rate of interest is a constant 0.06. An insurance policy pays 1 at the end of the year of death. Nothing is paid to a withdrawing policyholder. Find the present value of the benefits on this policy.

Reference no: EM131001789

Questions Cloud

What is the object displacement at time : An object moves in SHM with amplitude 4.37 m. The phase constant of the function describing its motion is 1.33 rad. What is the object's displacement at time t = 0 s?
What is the magnification of the first image : An object is placed 10 m before a convex lens with focal length 6.1 m . Another convex lens is placed 27.2 m behind the first lens with a focal length 6.4 m. At what distance is the first image from the first lens? Answer in units of m.
Find the the location of the final image : An object is placed 12 cm in front of a convergining thin lens (f=8cm). At a Distance of 36 beyound the first lens, is a diverging lens having f=-6cm. Find the the location of the final image.
Find the annual rate of premium payment : If the force of disability is a constant 0.03, the force of mortality is a constant 0.06, and the force of interest is a constant 0.05, find the annual rate of premium payment.
Find the present value of the benefits on this policy : The rate of interest is a constant 0.06. An insurance policy pays 1 at the end of the year of death. Nothing is paid to a withdrawing policyholder. Find the present value of the benefits on this policy.
Assume the shareholders equity of the transacting : Indicate by letter whether each of the transactions listed below increases (I), decreases (D), or has no effect (N) on retained earnings.
Compare the labor market statistics of your local community : Find information about labor market statistics of your local community over the last 3 years
Ellis transport company acquired : Ellis Transport Company acquired 1.2 million shares of stock in L&K Corporation at $44 per share.
What is rational ignorance. how can it affect voting. : Why do newspapers often support subsidies for professional sport facilities?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Interpret the p-value for the test

The reac- tion times (in seconds) before and after consuming four drinks are in data file XR11050. At the 0.005 level, has the program host made his point? Identify and interpret the p-value for the test.

  Conduct a chi-square goodness of fit test

A sample of 148 student smartphone users showed the 30 owned a smartphone with a large screen (4 inches or greater), 75 owned a smartphone with a medium-sized screen (between 3.5 and 3.9 inches) and 43 owned a smartphone with a small screen (less ..

  What is the critical f value for a sample of four

what is the critical f value for a sample of four observations in the numerator and seven in the denominator? use a

  Probability-selected lung cancer patients lasts five years

The life expectancy of a lung cancer patient treated with a new drug is normally distributed with a mean of 4 years and a standard deviation of 10 months.

  Perform an appropriate hypothesis test for engineering firm

Should the engineering firm be concerned? Perform an appropriate hypothesis test, showing the necessary calculations and/or explaining the process used to obtain the results.

  Conduct hypothesis test of to see sample data

Conduct a hypothesis test of to see whether the 2001 sample data indicate that the variability in interest rates has changed. Use . What is your conclusion?

  Statistical evidence to support a policy

The Federal Government of Australia uses the cash rate to control the inflation rate in Australia. Is there statistical evidence to support such a policy?

  Oectives1 introduce some basic library search tools2

objectives1. introduce some basic library search tools2. demonstrate the relevance of statistics in this case

  The mean of a normal distribution is 406 pounds the

the mean of a normal distribution is 406 pounds. the standard deviation is 10 pounds. what is the area between 422

  You want to determine the average number of hours worked by

can you please help with this question? thank youyou want to determine the average number of hours worked by professors

  Compute the mean and variance

Modify the regular one-sample Wilcoxon W by replacing the ranks 1, 2, 3, 4, 5, 6, 7, 8 by the scores 1, 1, 2, 2, 2, 2, 3, 3, to obtain W1. Compute the mean and variance of W1.

  Perform hypothesis testing on one variable data

Perform hypothesis testing on one variable's data (choose either the intrinsic or extrinsic Job Satisfaction)using 25 as our data set number.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd