Actuarial Notes

SOA Exam FAM Sample Question 2.7

Study guide: Exam FAM

You are given the following survival function of a newborn:

S_{0}(x) = \begin{cases} 1 - \dfrac{x}{250}, & 0 \le x < 40 \\[2ex] 1 - \left(\dfrac{x}{100}\right)^{2}, & 40 \le x \le 100 \end{cases}

Calculate the probability that (30) dies within the next 20 years.

[Question 2 on the Fall 2016 exam]

  • A) 0.13
  • B) 0.15
  • C) 0.17
  • D) 0.19
  • E) 0.21

Answer this question and see the worked solution

Concepts tested

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