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In: Statistics and Probability

Let X follow Demoivre with ω. Find the distribution of T(x) Let Z represent the present...

Let X follow Demoivre with ω.

  1. Find the distribution of T(x)

  2. Let Z represent the present value random variable representing benefit of $1 payable at the moment of death for a whole life insurance sold to (x)- a person age x. Calculate E(Z) and Var(Z).

  3. Let W represent the present value random variable representing benefit of $1 payable at the end of year of death for a whole life insurance sold to (x)- a person age x. Calculate E(W) and Var(W).

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