BUS3024S (ContingenciesJ Exam Summary

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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