In: Statistics and Probability
Let X follow Demoivre with ω.
Find the distribution of T(x)
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).
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).