(A)0.22(B)0.28(C)0.33(D)0.40(E)0.46You are given the following about 100 insurance policies in a study of time to policysurrender:(i)The study was designed in such a way that for every policy that was surrendered, anew policy was added, meaning that the risk set, r,, is always equal to 100.(ii)Policies are surrendered only at the end of a policy year.(ii)The number of policies surrendered at the end of each policy year was observed to be:1 at the end of the 1ª policy year2 at the end of the 2nd policy year3 at the end of the 3d policy yearn at the end of the n" policy year(iv)The Nelson-Aalen empirical estimate of the cumulative distribution function at time n,F(n) , is 0.542.What is the value of n?

Answered: Image /qna-images/answer/d89e446a-f56b-4eae-afce-e312c3bad3fe.jpg

You are given the following about 100 insurance policies in a study of time to policy surrender: (i) The study was designed in such a way that for every policy that was surrendered, a new policy was added, meaning that the risk set, r, , is always equal to 100. (ii) Policies are surrendered only at the end of a policy year. (iii) The number of policies surrendered at the end of each policy year was observed to be: 1 at the end of the 1" policy year 2 at the end of the 2nd policy year 3 at the end of the 3rd policy year n at the end of the n" policy year (iv) The Nelson-Aalen empirical estimate of the cumulative distribution function at time n, F(n), is 0.542. What is the value of n?

You are given the following about 100 insurance policies in a study of time to policy surrender: (i) The study was designed in such a way that for every policy that was surrendered, a new policy was added, meaning that the risk set, r, , is always equal to 100. (ii) Policies are surrendered only at the end of a policy year. (iii) The number of policies surrendered at the end of each policy year was observed to be: 1 at the end of the 1" policy year 2 at the end of the 2nd policy year 3 at the end of the 3rd policy year n at the end of the n" policy year (iv) The Nelson-Aalen empirical estimate of the cumulative distribution function at time n, F(n), is 0.542. What is the value of n?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

See similar textbooks