IGNOU MECE 103 Solved Assignment English Medium 2022-23

Free MECE 103 Solved Assignment English Medium 2022-23 for July 2022 and January 2023 Session, All IGNOU Assignments (Programme Wise) · Master's Degree Programmes · Bachelor's Degree Programmmes · P.G. Diplomaa Programmes · Diploma Programmes · Certificate Programmes. IGNOU Assignment 2022-23 (UPDATED) Get Here. IGNOU Assignment Status 2022-23, Marks, Grade Card, Practical Submission

M.E.C.E – 103

ACTUARIAL ECONOMICS: THEORY AND PRACTICE MECE 103 Solved Assignment 2022-23

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Assignment I

Answer the following questions in about 700 words each.

1) Apply Chebychev’s inequality to: (i) arrive at ‘Chebychev’s bounds’ for the sum of ‘n’ Bernoulli variables; and (ii) state the Law of Large Numbers (LLN) in general.

2) Specify the features of ‘parametric survival models’. Describe the extended versions of ‘parametric survival models’.

Assignment - II

Answer the following questions in about 400 words each.

3) Outline the properties of an ‘accumulation function’ with illustrations.

4) Describe the concepts of ‘hazard function’ and ‘cumulative hazard function’.

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5) Show that the probability of a life alive at age ‘x’ dying before the age ‘x + 1’ is the ‘weighted average of the force of mortality’.

6) Discuss the concept of ‘benefit reserves’ with equations for different type of insurance policies.

7) Discuss the distribution of ‘excess beyond a threshold’.

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IGNOU MECE 103 Solved Assignment English Medium 2022-23 The Indira Gandhi National Open  University has updated the IGNOU Assignment Status 2022-23 December Session so that students can know if their submission is completed or not. Now if you have also submitted your Assignment/Practical/Project till 15 December 2022 then you must be worried about the Assignment Status and Grade Card. So we decided to come up with https://ignouadmission.samarth.edu.in/ Assignment 2022-23.

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