exercise:Ef20ccd421: Difference between revisions

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<ul class="mw-excansopts"><li>100</li><li> 200</li><li> 300</li><li> 400</li><li> 500</li></ul>
<ul class="mw-excansopts"><li>100</li><li> 200</li><li> 300</li><li> 400</li><li> 500</li></ul>
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Revision as of 23:23, 17 January 2024

Scientists are searching for a vaccine for a disease. You are given:

(i) 100,000 lives age [math]x[/math] are exposed to the disease

(ii) Future lifetimes are independent, except that the vaccine, if available, will be given to all at the end of year 1

(iii) The probability that the vaccine will be available is 0.2

(iv) For each life during year [math]1, q_{x}=0.02[/math]

(v) For each life during year 2, [math]q_{x+1}=0.01[/math] if the vaccine has been given, and [math]q_{x+1}=0.02[/math] if it has not been given

Calculate the standard deviation of the number of survivors at the end of year 2.

  • 100
  • 200
  • 300
  • 400
  • 500

Copyright 2024 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.