Consider the following (illustrative) life table
Age lx
0. 100
Calculate the median lifetime and the
expected remaining lifetime of a life aged 2 for this population.
The lifetimes sorted in ascending order are:
0
30
45
50
57
75
85
Total number of observations(n)=7
Since n is odd, median is (n+1)/2th observation
= (7+1)/2th observation
=8/2th observation
=4th observation
=50 years
So median lifetime is 50 years.
Average lifetime=(0+30+45+50+57+75+85)/7
=342/7
=48.85 which can be rounded to 49
So expected remaining lifetime of a life aged 2 for this population is 49-2=47 years
Consider the following (illustrative) life table Age lx 0. 100 85 75 50 45 30 57 0 Calculate the median lifetime and the expected remaining lifetime of a life aged 2 for this population.
Karen is now age 70 (at time 0). For the following questions, you should use the following Life Table and 5% p.a. interest. You may assume that all deaths are independent events. Age x lx 70 150 71 140 72 125 73 105 74 80 75 50 76 40 77 30 78 20 79 10 80 0 If she lives until age 73, she will be entitled to receive a lifetime pension of $25,000 per annum. The first payment will...
Consider the following table. Amount of Life Insurance on Husband (thousands of $) 0−50 50−100 100−150 More than 150 Amount of Life Insurance on Wife (thousands of $) 0−50 400 200 50 50 50−100 50 50 30 249 100−150 20 10 25 147 More than 150 20 268 176 15 Given the husband has between $50,000 and $100,000 of insurance, what is the probability that the wife has more than $150,000 of insurance? Round your final answer to four...
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AI A2 A3 Au AS BI 504-130 20 '0 , เง 50 40 30 10 B' 70to go 70Lo g2 75 85 45...
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Explain 20 please
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