SOA Exam FAM Sample Question 3.4
Study guide: Exam FAM
The SULT Club has 4000 members all age 25 with independent future lifetimes. The mortality for each member follows the Standard Ultimate Life Table.
Calculate the largest integer N, using the normal approximation, such that the probability that there are at least N survivors at age 95 is at least 90%.
[A modified version of Question 24 on the Fall 2013 exam]
- A) 800
- B) 815
- C) 830
- D) 845
- E) 860
Answer this question and see the worked solution