Mathematics · Actuarial Science
If 'p' is the probability that a man aged x years will die within a year, what is the probability that out of n independent lives all aged x, a specified person A1 will die within a year and will be the first to die?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11n (1 - p)n
- 21n [1 - (1 - p)n]
- 31n [1 - (1 - p)n]✓
- 41n p
Correct answer
1n [1 - (1 - p)n]
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