Quiz 2 MATH 3280 3.

00 Page 2 of 3

Question 1 Let (x) be the life-status denoting an insured of age x > 0. Confirm that
Z 1
ex = t px dt.
0

Question 2 Use your solution to Question 1 above and explore the monotonicity of ex with respect
to x > 0. Namely, check
d
ex = µ(x)ex 1.
dx
"

ldu
@ Ex :-. ECTCX ) ]
al§ 2

/ =
§et It a ETCH
] du
{ =
§uPx du

!2!
£ Ex =
To
,
{ tpxdt
z
§ ? Epoc
dt a
@

¥e Epxz I exp { -
§ trcxeujdu { z
←

tpx § stzpcxtu )du

>
-
tpx
§ tfuk ( at a) du 2 .

tpx [ 17 Cxetl -

pcx )
]
>
tpx [ 1264 -

pcxet ]
,
t 20
,
x > 0 .

@ § tpx µ ( x
) d t -

§ epafcxet ) dt =
+ ( x ) Ex .

Cont.