• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

CT5- Ifoa sept.2007, qus.6

B

Bharti Singla

Senior Member
In this qus., nothing is mentioned about which table to use and we need to calculate the prob. 0.5|q75 on the basis of given info- q75= 0.05 and q76= 0.06 using UDD and CFM assumptions. They have taken L75= 1000 in the solution. How do we know it?
We need to assume it as 1000? If yes, then at any age we can assume Lx as 1000.?
 
You don't need to know lx to work out probabilities. You are given the annual qx probabilities, these are all you need. You could choose any arbitrary Lx value, it doesn't have to be 1000, or you could do the calculation without using Lx values at all. If you can't see why this is the case, then do get back.
 
You must log in or register to reply here.
Back
Top