mk This page intentionally left blank Actuarial Mathematics for Life Contingent Risks How can actuaries best equip themselves for the products and risk structures of the future? In this new textbook‚ three leaders in actuarial science give a modern perspective on life contingencies. The book begins traditionally‚ covering actuarial models and theory‚ and emphasizing practical applications using computational techniques. The authors then develop a more contemporary outlook‚ introducing multiple
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A group of enthusiastic cheerleaders perform their cheers just in front of the stands. The home crowd most often looks beyond the cheerleaders to the action on the field. Cheers from the crowd erupt as the favored team gets a touchdown. Even a first down is reason to celebrate. What is it that helps that cheerleader get their message of support across to the fans? A megaphone. This simple tool is used to take a message and amplify it so that it can be heard. Once the crowd can hear the cheers they
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Types of Forecasts: Judgmental Time Series Associative Models Judgmental Forecasts: Executive opinions Sales force Composite Consumer surveys Outside opinion Opinions of managers/staff Delphi technique Time Series Forecasts Level-Long-term “base” of the data Trend- long-term upward or downward movement in data Seasonability- short-term regular variations in data at constant time intervals Cyclicity- long term variations due to economic cycle Random variations- Caused by chance. Unpredictable-
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P = price V = variable cost Fc = fixed cost t = time in yrs Chapter 11 quiz Q ‚ P ‚ V ‚ FC (based-plan‚ lower‚ upper) DEP = F0Costs / # yr’s Based price for (Q ‚ P ‚ V ‚ FC) multiply them each by WITHIN 10%‚ .10 than add‚ subtract Best case +P‚ +Q‚ -V‚ -FC Worst case –P‚ -Q‚ +V‚ +FC Best case scenario: OFC = [(Q+ x P+) – (Q+ x V-) – FC- – DEP] (1 - TAX RATE) +DEP high rev‚ low cost Worst case scenario: OCF= [(Q- x P-) – (Q- x V+) – FC+ – DEP] (1 - TAX RATE) +DEP high cost‚ low rev
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Forces What Is a Force? Forces represent the interaction of distinguishable objects. Specific forces: The weight W with magnitude W = m * g acts near Earth’s surface with g the gravitational acceleration. (m= mass) The normal force N is due to contact with a surface. It is directed perpendicular to the surface. The tension T is due to a taut‚ massless string. It is directed along the string. The external contact force Fext acts along the direction of the push. Unit: Force and force
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Music Analysis – Asher Harris Contemporary Classical Music‚ a modern from of art music that began in the 1920s to the present day. This style will be able to show the audience for the annual Young composers’ symposium the characteristics‚ tone and style of Contemporary Classical Music. A Brief history At the turn of the century‚ music was characteristically late Romantic in style. Composers such as Gustav Mahler‚ Richard Strauss and Jean Sibelius were pushing the bounds of Post-Romantic Symphonic
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Composition and Formation of Myelin Sheath Molecular Neurobiology Myelin may be made by different cell types‚ varies in chemical composition and configuration‚ but performs the same insulating function. Myelin is about 40% water; the dry mass of myelin is about 70 - 85% lipids and about 15 - 30% proteins. Some of the proteins that make up myelin are myelin basic protein (MBP)‚ myelin oligodendrocyte glycoprotein (MOG)‚ and proteolipid protein (PLP). The primary lipid of myelin is a glycolipid
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Moment (Page #) 2 Quotations (Pages #s) Literary Device Connection/Significance Winston comes to the realization that the Proles are his only hope for breaking away from Big Brother and realizing the truth. (pg. 63-66) “Proles and animals are free.” (pg. 66) Metaphor Simile After becoming tired of blindly accepting the rules set in place by Big Brother‚ Winston realizes that if he is to be free‚ he must seek salvation with the Proles‚ the poorer‚ more overlooked social class. “They
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Nationalism: loyal to your country Political ideologies Conservatism- does not want change Liberalism- wants change Moderates- wants some changes Congress of Vienna Metternich: Foreign minister of Austria. He distrusted the democratic ideals of the French Revolution. Metternich wanted to keep things as they were. He had three goals for the congress of Vienna. 1. He wanted to prevent future French aggression by surrounding it with strong countries. 2 restore a balance of power. 3 restore
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7:00 to 9:30 Monday A. Assumptions; Due to rain most if not all DNA evidence might be lost. Based on the laceration on the left back side of the victim’s head. Victim was hit across the head with a blunt force object. Based on the blood flow and large amount of blood. Laws of gravity does follow the rain and puddle formation. The victim was killed on the spot. Pockets of victim were not inside out but lose change and wallet around the victim indicate someone searched his pockets for something different
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