Enrolled Actuary Exam Prep

Category - Enrolled Actuary

A survival function is defined as follows: sx ( = 1 − X/250); 0 ≤ x ≤ 25l X= 1000 (100 − x ); x ≥ 25In what range is 30 /10 q10 ?
  1. Less than 0.120
  2. 0.120 but less than 0.135
  3. 0.135 but less than 0.150
  4. 0.150 but less than 0.165
  5. 0.165 or more
Explanation
Answer: B - 0.120 but less than 0.135
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