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    © All Rights Reserved
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    7 views94 pages

    Manual Bowers Completo

    Uploaded by

    Pablo Felipe Herrera Jacome

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 94
    yo Solutions Manual for Bowers’ et al. ACTUARIAL MATHEMATICS: LIFE CONTINGENCIES AND RUIN THEORY FOR ‘THE ACTUARIAL STUDENT Michael A. Gauger, Ph.D. ACTEX Publications Winsted, Connecticut i) Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 13, Chapter 14 CONTENTS 15 28 37 41 47 60. n 83 91 0309595 @ sa = oo|- [non I oo|- [mst] 08 x Fn) 1—cosx fa) sinx © Fe Ine , fa) = — (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 Fa) = (1+ayt f) = F@) = (+a? HQ) = 5 = (+a? + tx! = (4x7 Ineach case, p(x) > 0, and [ w00 é& = & ) so -e9| - [rs] ~e*|- are i |-e ae | i © s@) = oo - [oovar a] = oo| oma] lo mee aye [lL] s(x) can be a survival function, since s(0) = Landlim s(x) = 0. k © sa = eo] [ne a] oo|-she" ep|-2 wr] = expla inb-alnb+a)] = FQ) = 1-s@) = al f@) = -s@) = War en Chapter 3 = 121 +x)} 12 < 00 lo @ [m0 & = “aay ae hb (b) Although s(0) = 1 and s(3) = 0, s(x) is not monotonic over [0,3]. That is, s(x) > 0 for some x. © [ma [ei de #1 a regia orf). Co prove ti, ety lo lo so the integral becomes 2* f yt! e dy, which is 2" (m) > 2,sincen > 1) s@ _ 1. 100-x _ @ w= SQ” = oO * 10 = ) FO) = 1-3 = 7H ©) = - 40 = Ty @ Prdo alg = Yo-Ash = -)| = s(0)—s(o0) = 1 cad lo : 5 9. algo = Pande = ep [-£ wa] {1-00 [fc veal} = eM — eM) = 00199401 = 002 10. £(65) is a binomial random variable, withn = 10 and p = 5s (65) = .77107. Then the p.f. ing) = (10) crore 22893), 2 = 0,110 E(£(65)] = np = 7.7107 V[£(65)] = mp(l—p) = (7.7107).22893) 1.7652 11, Letp,i = 1, 2, 3, 4, be the multinomial parameters of the four random variables. RV. Pi 3Do FR) = 4 sDs FR) - FG) = } 1s FQ) — FO) = § 3Dy F(2)- FQ) = } (a) Each RV has E|D| = n-p; = : (b) Each RV has V[D] = n-p(1—pi) ComD),Dj) =n-Pi: BD 1 Each ri, = a. © Each ny MD) WD)" PA~Pd 3 7 12, (@) sqo = 1 — 98495 = 01505 sqs = 1 - age ae fo — fos _ 43180 — 27960 _ 15673 ©) ssisa28 — STi1o = 13. 4. 15. 16. Chapter 3 4 = ak o | a= & steras ey = PE af Clearly, if é.¢, is concave down, the drop in the curve (d,) is greater than the numerical slope, so best % > wer). Conversely, if f4, is concave up, then the mumerical slope exceeds the drop, so. p(X) > qe. (Note: If 4,4, were linear, then, clearly, w(x) = qr.) Seen) = be Enea) + way Eby = be we) ~ b wo? Then clearly Z(G, (2) $ 0 when pay = pay? § we ~ nee?) Both ¥; and ¥, are binomially distributed, with E[¥;] = (1600) 2 Var (Yi) = (1600)(38) (38) = 364, £[¥3] = 40(3% Var (¥%) = 260(53 = 120. Since ¥; and Ys are independent, then E[¥; +¥:] = 1400 and Var (¥, + ¥:) = 484, whence SD(Y; + ¥:) = (484)!? = 22. Using the normal approximation, the value of c, which has a probability of being exceeded of .05, is » + 1.6450. Thus ¢ = 1400 + (1.645)(22) = 1436.19. ‘The future lifetime is t for 0 < T 1. ‘Thus the expectation is 2,57 = Jot sPxpta(Odt +m J-° wPstta(@)dt = fort sPxbis(0) dt +1 mp. Integrating by parts, 2.55 = —n- prt fo wedt +n «we = fo Prat Chapter 3 5 17, (@) _K*isa function of K so its expected value is given by mt ent AK] = SOK WPrK=8 = Sk elart DO mela 7 caf tea 11d nt ot = Dk alae te (since srs = > nlar) ror ea mt = Ok Gee eed twee c= = (pm aps) + apps) +--+ = aPeaPs) + De = Pet 22-1) + spB-2) +--+ xpyln—(2—1)) = Petpet tas (©) Similarly (X*Y? is a function of K and ite expected value is computed as ot wont BURY) = SR) PAK = ® = OR alge + OP alas 7 & = ms = OP last wee ca = Ppa 2p9) + POps-sP0) + PGPe—aPd te RIP Peat? Ds = ret ral1) + apg(9—4) 400+ + Pg ——-1P) = Yek- es ft Using the above with Var(K) = E[(K")"] — (ETK")? = E(K"?] — @,77 completes the proof. 18. (@) Bi7}= & = [est0u wef etd at ©) E(r} = [sou =e [Pea =e A f Then Var(T) = E17} — CET? = 3; - (©) IfMedian (1) =m, then Pr (T'< m) = 3, 50 Then eo 19, 20. 21 Chapter 3 @ prep [- [vc =ep [- [4] Petal) =e? aefe _[Ppectta ai [eett Oy af t pau dt =i) Pe a=5 [ee at This is 5 /2r- E{T?], where 7 is unit normal. Then E{r?] - (E{n)) = aD =1, but £i7] =0, v0 E[T"] = 1 galym = [22 Thus & = 5 2m = 4 ape If FO 1000-2)", thenf) = FQ = (00-37 ) & = AN eae Ao dt [ s000 yt ® %& = EN = : : ‘ lo lo Loo - 21 al oo 100 a fl af a , (o) E{T?] -f[ P00 —x)yt dt = 3(100~xy a = 3(100-2¥ then WO) = ETP (EIN) = 73(100~27 0 © 3= t fo dt =" mip (100—37 ; thus mi) = 3100-9 8 8 ber bl = besabts() = bots = G40) ) Dg Dir er el ey} C BP OE Ge Geils) — Ecsale = fe) = feet puts) - mld) alu) pat) dt =n) & = 1 ©) (©) Ae = eri — er Nowes = Pr + Pet Pr tos 90 ec = Pall + Prot + Pes +) Pall + €c41) Thus Ae, = ean — Pr(l-ters) = ceil =P) — Pe = delat ~ Ps Chapter 3 7 2 2. (@) _a(a) is the average number of years lived by those who die in [x, x+1] ‘Then a(x)-d, is the total years lived by such deaths. é,41 is the total years lived by survivors. Thus a(x) -d, + fy; is total years lived in [x, x++1), which is Z,. () Ly = HG +4) = }(198,740) = 99,370 # Ly in Table 3.2 Ly & Hej +6) = F197,388) = 98,694 = Ly in Table 3,2 (©) This is clear from equations (3.5.12) and (3.5.16). If s) = 1-3, 0

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