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#11




there were q's in the table so i just multiplied
p([60])*p([60]+1)..p(65) 
#12




Was that the joint life/last survivor problem where one was selected earlier than the other?

#13




no..it was one person problem
he was61 at 1/1/2001 and selected at 60 question was what is the Pr he's alive on 1/1/2006 
#14




If I recall properly, the table was an associated decrement table. Then yes, you do the products of the annual survival probs. Each one being a product of the associated annual survival probs for that year. If q's were given then find p's by subtracting from 1. ????????

#15




By the way, was that Pareto question a pacifier or what?
<font size=1>[ This Message was edited by: idikoko on 20011106 21:07 ]</font> 
#16




I got C for Q2. You only needed to multiply together 5 p's, since selection was at age 60, but he is currently age 61. I could have made an arithmetic error though.

#17




For the mean excess loss question:
E[X] = E[X / d] + e(d) * (1  F(d)) At d = 1000 F(d) = 1. Now that you know E[X], just plug into the convetional formula. 
#18




Was d not 100?
I remember a policy limit of 1000, not D of 1000 
#19




Yes, you needed to find for d = 100. But you had to use the fact that at d = 1000 F is 1, first to find E[X]. The formula for the mean excess loss is (E[X]  E[x/d])/ (1F(d))

#20




What is the deal with #2?!? was he alive at age 61, or is he 61 at 1/1/2001? I dont remember the exact wording of the statement, but I interpreted it as he will be 61 as of 1/1/2001. Therefore, I found the probability he will be alive in six years give age 60. Low and behold, it was one of the possible answers. If you are to assume he has attained age 61, given there statement, and that is the answer. The question seems a bit suspect to me. The statement is too ambiguous....specially since both answers are options.

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