INSURANCE

A)

If you know that between 10,000 people in age 40 6,000 will

be life to age 41, and between 15,000 people in age 50 5,000 will
be life to age 60.
1- Find The probability that person in age 40 will be life to 41.[ L X ]
2- Find The probability that person in age 50 will be life to the next
10 years.[ n L X ]
Answer

x1 40

S 40 10,000

S 41 6000

x 2 50

S 50 15,000

S 60 5,000

1) L40
2)

S x 1 S 41 6000

0.6
Sx
S 40 10000

L50

10

n 10

S x n S 60
5000

0.33
Sx
S 50 15000

B) Three persons in age 30 , 40 and 50.the probability of life to the

next 10 years for everyone was (0.9 , 0.8 and 0.7) find:
1- The probability that three persons will be life together to the next
10 years.
2- The probability that gust one person will be life to the next 10
years.
Answer
10

L30 0.9

10

10

L40 0.8

10

d 30 0.1

10

L50 0.7

10

d 40 0.2
d 50 0.3

1) P(Three persons life together)= 0.9 0.8 0.7 =0.504

2) P(Just one person will life)=
(0.90.20.3)+(0.10.80.3)+(0.10.20.7)=0.092

C) Between 150.000 people in age 40 100,000 people will be still

life to age 50 and 10,000 from their(from 100,000) will be die
between 50 and 51..and 15,000 will be die between 50 and 60.
1) Find the probability that person in age 40 will still life to age 50
and die between 50 and 51.

d .
m

2) Find the probability that person in age 40 will still life to age 50
and die between 50 and 60.

m n

dx .

Answer
1)

dx

S x m S x m1 Wx m

Sx
Sx

Sx S 40 150,000

m 10

Sx m S50 100,000

Wx m W4010 W50 10,000

10

d 40

or S x m1 S51 90,000

S 50 S 51 100,000 90,000

0.067
S 40
150,000

or another solution
10

d 40

W50 10,000

0.067
S 40 150,000

2)
m n

dx

S x m S x m n
Sx

Sx S 40 150,000
S xm S50 100,000
0R
10 10

d 40

m 10

n 10

Wx mn W60 15000

S xnm S 60 85000
S 50 S 60 100,000 85,000

0.1
S 40
150,000