Solutions Manual for Bowers’ et al. ACTUARIAL MATHEMATICS: LIFE CONTINGENCIES AND RUIN THEORY FOR THE ACTUARIAL STUDENT Michael A. Gauger, Ph.D.CONTENTS Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 13 Chapter 14 15 28 37 al 47 60 a 83 1 iii@ se) = i) f@ = ® Fe = 1-50) f0) = -9G) =e a) = =H = 1 (Note: Age-at-death has an exponential distribution; in such cases, the force of mortality equals the constant in the distribution, here = 1.) © s@)= 1-Fe) = +7" fa) = F@ = +07 F'@) wO)= poRG = Gta? + Gta? = +x Ineach case, u(x) > 0, and ie pG) de = 0 lo @) so) = 0] - [v4] ~ool-2-{] = en| Bee - | A koa we Oo se = ov|- [vee = olan | = on |-8] i © sx) = oo - [eos 0y*] = on| anova) i] ‘s(x) can be a survival function, since s(0) = 1 and lim si = =0 5 exjand—amora)=[p2z] = [ue Fe) = 1-s@ siete f@) = — 90) = War eel? ny = 2 - 1M cae SQ) sx)