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Z denotes the random present value for an insurance contract issued on the independent lives (x), x > 0 and (y), y > 0, where Z = v, if T(y) > T(x) otherwise. 0, %3D Given that • (r) is subject to a constant force of mortality of 0.07; • (y) is subject to a constant force of mortality of 0.09; • The force of interest is a constant &= 0.06. Compute the variance Var(Z).

Z denotes the random present value for an insurance contract issued on the independent lives (x), x > 0 and (y), y > 0, where Z = v, if T(y) > T(x) otherwise. 0, %3D Given that • (r) is subject to a constant force of mortality of 0.07; • (y) is subject to a constant force of mortality of 0.09; • The force of interest is a constant &= 0.06. Compute the variance Var(Z).

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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021.pdr (714 KB) Z denotes the random present value for an insurance contract issued on the independent lives (x), r > 0 and (y), y > 0, where vT(), if T(y) > T(x) Z = 0, { otherwise. Given that • (r) is subject to a constant force of mortality of 0.07; • (y) is subject to a constant force of mortality of 0.09; • The force of interest is a constant d 0.06. Compute the variance Var(Z).
Transcribed Image Text:021.pdr (714 KB) Z denotes the random present value for an insurance contract issued on the independent lives (x), r > 0 and (y), y > 0, where vT(), if T(y) > T(x) Z = 0, { otherwise. Given that • (r) is subject to a constant force of mortality of 0.07; • (y) is subject to a constant force of mortality of 0.09; • The force of interest is a constant d 0.06. Compute the variance Var(Z).
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