SOA Exam FAM Sample Question 2.9
Study guide: Exam FAM
You are given that mortality follows Makeham's Law with the following parameters:
i) A = 0.004
ii) B = 0.00003
iii) c = 1.1
Let L_{15} be the random variable representing the number of lives alive at the end of 15 years if there are 10,000 lives age 50 at time 0.
Calculate Var[L_{15}].
[Question on October 2022 FAM-L Exam]
- A) 1,317
- B) 1,328
- C) 1,339
- D) 1,350
- E) 1,361
Answer this question and see the worked solution