For a 10-year term insurance of 1000 on (x), you are given: i. The death benefit is payable at the moment of death. = 0.05 for t≥0 ii. fx+t iii. Sæ+t = 0.10 for t>0 iv. Z is the present value of insurance benefit. Determine the median of Z. Possible Answers A Less than 100. B At least 100 but less than 300. c At least 300 but less than 500. D At least 500 but less than 700. E At least 700.
For a 10-year term insurance of 1000 on (x), you are given: i. The death benefit is payable at the moment of death. = 0.05 for t≥0 ii. fx+t iii. Sæ+t = 0.10 for t>0 iv. Z is the present value of insurance benefit. Determine the median of Z. Possible Answers A Less than 100. B At least 100 but less than 300. c At least 300 but less than 500. D At least 500 but less than 700. E At least 700.
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
![For a 10-year term insurance of 1000 on (x), you are given:
i. The death benefit is payable at the moment of death.
ii. Ha+t = 0.05 for t > 0
A
iii. 8x+t = 0.10 for t≥ 0
iv. Z is the present value of insurance benefit.
Determine the median of Z.
Possible Answers
A Less than 100.
B
At least 100 but less than 300.
c At least 300 but less than 500.
D At least 500 but less than 700.
E
At least 700.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3eadc75a-dd24-43df-9e44-e764c54871fe%2Fa2990633-d01c-4acf-95a2-180a1a288dea%2Fagtd66_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For a 10-year term insurance of 1000 on (x), you are given:
i. The death benefit is payable at the moment of death.
ii. Ha+t = 0.05 for t > 0
A
iii. 8x+t = 0.10 for t≥ 0
iv. Z is the present value of insurance benefit.
Determine the median of Z.
Possible Answers
A Less than 100.
B
At least 100 but less than 300.
c At least 300 but less than 500.
D At least 500 but less than 700.
E
At least 700.
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