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ASC2014 - Chapter 1 - Workshop
ASC2014 - Chapter 1 - Workshop
ASC2014 - Chapter 1 - Workshop
Question 2
Which of the following functions qualifies to be a force of mortality, x ?
(1 + x ) , x 0
−3
I.
B ( x + 1) , B 0, x 0
−0.5
II.
k ( x + 1) , k 0, n 0, x 0
n
III.
Question 3
Given that the force of mortality x = kx k −1 − 3 where k 0 , determine the cumulative distribution
function for the random variable time until death, F0 ( x ) , the density function for that random variable,
f 0 ( x ) , and the survival function S0 ( x ) .
Question 4
You are given:
(i) px = 0.99
(ii) px +1 = 0.985
(iii) 3 px +1 = 0.95
(iv) qx +3 = 0.02
Calculate the following:
(a) px +3
(b) 2 px
(c) 2 px +1
(d) 3 px
(e) 1|2 qx
Question 5
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ASC2014 Life Contingencies I B Sc (Hons) in Actuarial Studies
APRIL 2023 SEMESTER
S = 1 − exp ( − ( + k ) dt )
1
(ii) x +t
0
Question 6
The function
18000 − 110 x − x 2
18000
has been proposed for the survival function for a mortality model.
(a) State the implied limiting age .
(b) Verify that the function satisfies the conditions for the survival function S0 ( x ) .
(c) Calculate 20 p0 .
(d) Calculate the survival function for a life age 20.
(e) Calculate the probability that a life aged 20 will die between ages 30 to 40.
(f) Calculate the force of mortality at age 50.
Question 7
You are given:
(i) 3 p70 = 0.95
Question 8
You are given:
0.05 50 x 60
x =
0.06 60 x 70
Calculate 4|14 q50 .
Question 9
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ASC2014 Life Contingencies I B Sc (Hons) in Actuarial Studies
APRIL 2023 SEMESTER
f0 ( x ) = , , 0
( + x)
+1
(a) Show that the survival function for a life age 0, S0 ( x ) , is S0 ( x ) = .
+x
(b) Derive an expression for x .
(c) Derive an expression for S x ( t ) .
(d) Using (b) and (c), or otherwise, find an expression for f x ( t ) .
Question 10
Given:
(i) x = F + e2 x , x 0
(ii) 0.4 p0 = 0.5
Calculate F.
Question 11
You are given:
(10 − x )
2
S0 ( x ) = , 0 x 10
100
Calculate the difference between the force of mortality at age 1, and the probability that (1) dies before
age 2.
Question12
You are given the following information:
l1 = 9700
q1 = q2 = 0.02
q4 = 0.026
d3 = 232
Determine the expected number of survivors to age 5.
Question 13
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ASC2014 Life Contingencies I B Sc (Hons) in Actuarial Studies
APRIL 2023 SEMESTER
x qx lx dx
20 30000 1200
21
22 27350
23 0.07
24 0.079 23900
Determine the probability that a life aged 21 will die within two years.
Question 14
Jack enters a mortality study at age 25. He dies between ages 65 and 67.
Which of the following does not express the likelihood of this event?
A. 40 p25 2 q65
S0 (65) − S0 (67)
B.
S0 (25)
C. 40 p25 − 42 p25
d 66 + d 67
D.
l25
E. 40|2 q25
Answer: D
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ASC2014 Life Contingencies I B Sc (Hons) in Actuarial Studies