CAS Exam MAS-I Fall 2019, Question 12
Study guide: Exam MAS-I
An insurance company is using the Illustrative Life Table to price a block of life insurance policies covering 5,000 people aged 50.
Calculate the lower bound of a 90% confidence interval for the number of deaths in this block during the next 15 years, using a normal approximation.
- A) Less than 745
- B) At least 745, but less than 755
- C) At least 755, but less than 765
- D) At least 765, but less than 775
- E) At least 775
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