Z is the present-value random variable for a whole life insurance of b payable at themoment of death of (x).You are given:(i)(ii) 8 = 0.05(iii) The net single premium for this insurance is equal to Var(Z).Calculate b.x+t = 0.01 t≥0(A) 1.36(B) 1.68(C) 2.00(D) 2.32(E) 2.64

Given that Z is the present-value random variable for a whole life insurance of b payable at the…

Answered: Z is the present-value random variable…

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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Z is the present-value random variable for a whole life insurance of b payable at the moment of death of (x). You are given: (i) H+ = 0.01 (ii) 8 = 0.05 (iii) The net single premium for this insurance is equal to Var(Z). Calculate b. 20 (A) 1.36 (B) 1.68 (C) 2.00 (D) 2.32 (E) 2.64