MATH 3630 Final: MATH 3630 Finals 2016
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Time allowed: 2 hours (1:00 - 3:00 pm) Please write your name and student number at the spaces provided: Student id: there are twelve (12) written-answer questions here and you are to answer all twelve. Mortality for a population consisting of females and males follow a select-and-ultimate table, an extract of which is given below. Females have a 3-year select period while males have a 2-year select period. Assume mortality follows the uniform distribution of death (udd) between integral ages. x. At select age 51, the population consists of 60% female and 40% male. Calculate the probability that a randomly chosen person from this population, at select age 51, will die between the ages of 53. 25 and 56. 75. Extra page for additional or scratch work for question 2. Calculate the actuarial present value of the death bene ts. Calculate the probability that y will be less than 10.
