In this question, we are given independent probability of death and surrender. So why have we not calculated dependent probability of death and surrender?
The same is used in solution to Q.13) Apr'08. I posted query on this. What i think, In Q14) 2006 and using solution of Q.13) Apr'08, Wording says that if decrements other than death occur at the year end ( if questions reads ) then we need to assume that independent rates of death are equivalent to dependent over a year. Since it is not affected by the withdrawal which takes place at year end. On other hand independent rates of withdrawal will not be same since number of deaths in year ( assumed distributed uniformly ) affects the withdrawal at end.
Ohkay.. and what if withdrawal and death both occur during the year rather than end of year? We do need to calculate dependent probability according to chap 10?
