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6. A 2-year term insurance is issued to (30). Benefits are payable at the end of the year of death. The death benefit for policy year t is bt. You are given the following: 930.1, b₂: Find the value of b₁ which minimizes Var (Z). = 10.0-b₁, 0

6. A 2-year term insurance is issued to (30). Benefits are payable at the end of the year of death. The death benefit for policy year t is bt. You are given the following: 930.1, b₂: Find the value of b₁ which minimizes Var (Z). = 10.0-b₁, 0

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter87: An Introduction To G- And M-codes For Cnc Programming
Section: Chapter Questions
Problem 18A
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6. A 2-year term insurance is issued to (30). Benefits are payable at the end of the year of death. The death benefit for policy year t is bt. You are given the following: 930 .1, b₂ Find the value of b₁ which minimizes Var (Z). = 10.0b₁, 0< b₁, b2 < 10, 931 = = 0.6, i = 0
Transcribed Image Text:6. A 2-year term insurance is issued to (30). Benefits are payable at the end of the year of death. The death benefit for policy year t is bt. You are given the following: 930 .1, b₂ Find the value of b₁ which minimizes Var (Z). = 10.0b₁, 0< b₁, b2 < 10, 931 = = 0.6, i = 0
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