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BUS3024S (ContingenciesJ Exam Summary

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This document is an in depth summary of all the important concepts corresponding to each chapter in the ActEd course notes. It highlights everything you will need to know for the exam and contains explanations of the more difficult concepts. This summary should be used in conjunction with tutorials, past tests and exams.

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Institution
University Of Cape Town (UCT)
Course
(BUS3024S)










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Written for

Institution
University of Cape Town (UCT)
Course
(BUS3024S)

Document information

Uploaded on
November 28, 2023
Number of pages
25
Written in
2023/2024
Type
Summary

Subjects

  • summary

Content preview

THE LIFE TABLE



+ qx
=
JosPxMx +s dS
e SoMx
+s dS
+ Px =




+ Px + +qx = 1


++
SPxPx .
SPct

tPx =
(x
x - (x + +

+ 9x
= 1 -

+ Px =
LSC


Ma-himon n
lim It
=>




se
let
-him
--ick
=-
n((x)

dx = (x -
(x + 1



qx
=
(x -(a +n = dx + dx + 1 + ... dx + n -
1



(x = dx + do+ + ... + dw -
1




Lifetime random variables

+ 9x = P(TxSt] =
SosPMads
tPx =
P([xyt)
*
E(Tx] =
So +x + PxMo+ +dt

-
S. Pat = Es
g
Note : or tPx=(1-19x) =-
EPoMot
Kx =
(Tx)

E(1x] =
2 ,ok KPc9x +1 .




=
[Px =
Ex

Ex = Ex E -




Ta Kol

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