Revision as of 21:24, 3 May 2023 by Admin (Created page with "'''Solution: E''' E[Y] = 4000(0.4) + 3000(0.6)(0.4) + 2000(0.6) 2 (0.4) + 1000(0.6)3 (0.4) = 2694. {{soacopyright | 2023}}")
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Exercise

ABy Admin
May 03'23

Answer

Solution: E 

E[Y] = 4000(0.4) + 3000(0.6)(0.4) + 2000(0.6) 2 (0.4) + 1000(0.6)3 (0.4) = 2694.

Copyright 2023. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

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