You are given the following about 100 insurance policies in a study of time to policy surrender: (i) The study was designed in such a way that for every policy that was surrendered, a new policy was added, meaning that the risk set, r, , is always equal to 100. (ii) Policies are surrendered only at the end of a policy year. (iii) The number of policies surrendered at the end of each policy year was observed to be: 1 at the end of the 1" policy year 2 at the end of the 2nd policy year 3 at the end of the 3rd policy year n at the end of the n" policy year (iv) The Nelson-Aalen empirical estimate of the cumulative distribution function at time n, F(n), is 0.542. What is the value of n?
You are given the following about 100 insurance policies in a study of time to policy surrender: (i) The study was designed in such a way that for every policy that was surrendered, a new policy was added, meaning that the risk set, r, , is always equal to 100. (ii) Policies are surrendered only at the end of a policy year. (iii) The number of policies surrendered at the end of each policy year was observed to be: 1 at the end of the 1" policy year 2 at the end of the 2nd policy year 3 at the end of the 3rd policy year n at the end of the n" policy year (iv) The Nelson-Aalen empirical estimate of the cumulative distribution function at time n, F(n), is 0.542. What is the value of n?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![(A)
0.22
(B)
0.28
(C)
0.33
(D)
0.40
(E)
0.46
You are given the following about 100 insurance policies in a study of time to policy
surrender:
(i)
The study was designed in such a way that for every policy that was surrendered, a
new policy was added, meaning that the risk set, r,, is always equal to 100.
(ii)
Policies are surrendered only at the end of a policy year.
(ii)
The number of policies surrendered at the end of each policy year was observed to be:
1 at the end of the 1ª policy year
2 at the end of the 2nd policy year
3 at the end of the 3d policy year
n at the end of the n" policy year
(iv)
The Nelson-Aalen empirical estimate of the cumulative distribution function at time n,
F(n) , is 0.542.
What is the value of n?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f054b99-c1df-4a8c-888a-fe1414f7ffed%2Fd89e446a-f56b-4eae-afce-e312c3bad3fe%2Fwsrr5l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(A)
0.22
(B)
0.28
(C)
0.33
(D)
0.40
(E)
0.46
You are given the following about 100 insurance policies in a study of time to policy
surrender:
(i)
The study was designed in such a way that for every policy that was surrendered, a
new policy was added, meaning that the risk set, r,, is always equal to 100.
(ii)
Policies are surrendered only at the end of a policy year.
(ii)
The number of policies surrendered at the end of each policy year was observed to be:
1 at the end of the 1ª policy year
2 at the end of the 2nd policy year
3 at the end of the 3d policy year
n at the end of the n" policy year
(iv)
The Nelson-Aalen empirical estimate of the cumulative distribution function at time n,
F(n) , is 0.542.
What is the value of n?
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