Revision as of 02:34, 18 January 2024 by Admin

Exercise


Jan 17'24

Answer

Answer: D

[math]\hat{S}(21.0)=\frac{59}{60} \times \frac{59-8+1-1}{59-8+1} \times \frac{51-6+7-2}{51-6+7} \times \frac{50-7+7-1}{50-7+7} \times \frac{49-6+5-1}{49-6+5}=0.8899[/math]

[math]\operatorname{Var}[\hat{S}(21.0)] \approx 0.8899^{2}\left(\frac{1}{60 \times 59}+\frac{1}{52 \times 51}+\frac{2}{52 \times 50}+\frac{1}{50 \times 49}+\frac{1}{48 \times 47}\right)=0.00181[/math]

The upper limit of the [math]80 \%[/math] linear confidence interval is

[[math]] 0.8899+1.282(0.00181)^{0.5}=0.944 [[/math]]

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

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

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

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