You are given the following definition for a present value random variable, for 0 ≤ Tx < 5 Assume now that x = 65. - Y = {1,000 v³ar,-5) for T₂ ≥ 5 Mortality follows the Standard Ultimate Life Table. Deaths are uniformly distributed between integer ages. i = 0.05 Calculate the P[Y> E(Y)]. You should calculate the probability to the nearest 0.001.
You are given the following definition for a present value random variable, for 0 ≤ Tx < 5 Assume now that x = 65. - Y = {1,000 v³ar,-5) for T₂ ≥ 5 Mortality follows the Standard Ultimate Life Table. Deaths are uniformly distributed between integer ages. i = 0.05 Calculate the P[Y> E(Y)]. You should calculate the probability to the nearest 0.001.
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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![You are given the following definition for a present value random variable,
for 0 ≤ Tx < 5
Assume now that
-
Y
-
= {1,000 $
x = 65.
Mortality follows the Standard Ultimate Life Table.
Deaths are uniformly distributed between integer ages.
i = 0.05
Calculate the P[Y> E(Y)]. You should calculate the probability to the nearest 0.001.
1,000 var-51 for T, ≥ 5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9e5e2d46-30db-4d2b-b7b5-d52cfc91ce83%2Fa6ad3508-2943-4fd7-9704-a8121b8bba42%2Fq7q1qfh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are given the following definition for a present value random variable,
for 0 ≤ Tx < 5
Assume now that
-
Y
-
= {1,000 $
x = 65.
Mortality follows the Standard Ultimate Life Table.
Deaths are uniformly distributed between integer ages.
i = 0.05
Calculate the P[Y> E(Y)]. You should calculate the probability to the nearest 0.001.
1,000 var-51 for T, ≥ 5
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