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Actuarial Sample 2

Actuarial Sample 2

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Published by Jasmin Joy Santos

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Published by: Jasmin Joy Santos on Jan 13, 2012
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01/13/2012

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The marginal distribution of Y is given by f2(y) =

0

6

y

∫e–x

e–2y

dx = 6 e–2y

0

y

x

e−

∫ dx

= −6 e–2y

e–y

+ 6e–2y

= 6 e–2y

– 6 e–3y

, 0 < y < ∞

Therefore, E(Y) =

0

y

∫ f2(y) dy =

2

3

0

(6

6

)

y

y

ye ye

dy = 6

2

0

y

ye

∫ dy – 6

0

y

∫ e–3y

dy =

0

6

2

2

∫ ye–2y

dy −

0

6

3

3

∫y e–3y

dy

But

0

2

∫y e–2y

dy and

0

3

∫y e–3y

dy are equivalent to the means of exponential random

variables with parameters 1/2 and 1/3, respectively. In other words,

0

2

∫y e–2y

dy = 1/2

and

0

3

∫y e–3y

dy = 1/3 . We conclude that E(Y) = (6/2) (1/2) – (6/3) (1/3) = 3/2 – 2/3 =

9/6 − 4/6 = 5/6 = 0.83 .

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