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A permanent disability model has three states: State 0 (Healthy), State 1 (Sick), and State 2 (Dead). You are given: 8 = 0.06 ,01 = 0.02

A permanent disability model has three states: State 0 (Healthy), State 1 (Sick), and State 2 (Dead). You are given: 8 = 0.06 ,01 = 0.02

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question A permanent disability model has three states: State 0 (Healthy), State 1 (Sick), and State 2 (Dead). You are given: 8 = 0.06 ,01 Pzit = = 0.02 02 Ptt = 0.03 12 Hzit = 0.06 A ten-year term assurance pays 500 per year continuously while the policyholder is sick. Furthermore, a death benefit of 1000 will be paid at the moment of death. Annual net premiums of P are payable continuously as long as the policyholder is healthy. Determine P. Possible Answers 60 B 65 70 D. 75 E 80
Transcribed Image Text:Question A permanent disability model has three states: State 0 (Healthy), State 1 (Sick), and State 2 (Dead). You are given: 8 = 0.06 ,01 Pzit = = 0.02 02 Ptt = 0.03 12 Hzit = 0.06 A ten-year term assurance pays 500 per year continuously while the policyholder is sick. Furthermore, a death benefit of 1000 will be paid at the moment of death. Annual net premiums of P are payable continuously as long as the policyholder is healthy. Determine P. Possible Answers 60 B 65 70 D. 75 E 80
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