SOA Exam FAM Sample Question 3.9
Study guide: Exam FAM
A father-son club has 4000 members, 2000 of which are age 20 and the other 2000 are age 45. In 25 years, the members of the club intend to hold a reunion.
You are given:
(i) All lives have independent future lifetimes.
(ii) Mortality follows the Standard Ultimate Life Table.
Using the normal approximation, without the continuity correction, calculate the 99th percentile of the number of surviving members at the time of the reunion.
[A modified version of Question 1 on the Fall 2015 exam]
- A) 3810
- B) 3820
- C) 3830
- D) 3840
- E) 3850
Answer this question and see the worked solution