Let a denote the annual premium for a whole life contingent contract of benefit amount 10,000 issued to (30), and let L(x) denote the present value of loss random variable for this con- tract. The interest rate is i=.06. Find the smallest value of a such that Pr[L(x) > 0] < .50, given the following values from the life table survival model to which (30) is subject:

Let a denote the annual premium for a whole life contingent contract of benefit amount 10,000 issued to (30), and let L(x) denote the present value of loss random variable for this con- tract. The interest rate is i=.06. Find the smallest value of a such that Pr[L(x) > 0] < .50, given the following values from the life table survival model to which (30) is subject:

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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