S
sadie1990
Member
Hi there,
I am having slight trouble about what it means for decrements to be uniformly distributed in the context of the following question:
There are two modes of decrement for employees - death and withdrawal.
Independent rate of mortality: 0.001 per year
Independent rate of withdrawal: 0.1 per year
The mortality decrement is uniformly distributed over the year of age in the associated single decrement table.
50% of the decrements due to withdrawals occur uniformly over the year of age and the balance occurs at year end.
I have to find the probability a person aged 30 will die as an employee between aged 31 and 32. I am wondering if my calculations are correct. I am getting this probability to be 0.000879?
Am I correct in thinking that the dependent rate of death in any year is 0.001*(1-0.5(.05)) ?
Any help would be greatly appreciated.
I am having slight trouble about what it means for decrements to be uniformly distributed in the context of the following question:
There are two modes of decrement for employees - death and withdrawal.
Independent rate of mortality: 0.001 per year
Independent rate of withdrawal: 0.1 per year
The mortality decrement is uniformly distributed over the year of age in the associated single decrement table.
50% of the decrements due to withdrawals occur uniformly over the year of age and the balance occurs at year end.
I have to find the probability a person aged 30 will die as an employee between aged 31 and 32. I am wondering if my calculations are correct. I am getting this probability to be 0.000879?
Am I correct in thinking that the dependent rate of death in any year is 0.001*(1-0.5(.05)) ?
Any help would be greatly appreciated.