MECE 103 Solved Assignment 2022-23

 

MECE 103 Solved Assignment 2022-23

ACTUARIAL ECONOMICS: THEORY AND PRACTICE

Course Code: MECE 103

Assignment Code: MECE 103/AST/2022-23

Maximum Marks: 100

Note: Answer all the questions.

SECTION A

Answer the following questions in about 700 words each. The word limits do not apply in case of numerical questions. Each question carries 20 marks.

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’.

SECTION B

Answer the following questions in about 400 words each. Each question carries 12 marks.

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

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

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’.

MECE 003 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

POST GRADUATE DIPLOMA IN AUDIO PROGRAMME PRODUCTION Master's Degree Programmes (M.A. ECONOMICS) ASSIGNMENTS

Dear Learner,

You have to submit one assignment in each course, i.e. MECE 003. All these are Tutor Marked Assignments (TMAs). Before attempting the assignments, please read the instructions provided in the Programme Guide carefully.

Kindly note, you have to submit these assignments to the Coordinator of your Study Centre within the stipulated time for being eligible to appear in the term-end examination. You must mention your Enrolment Number, Name, Address, Assignment Code and Study Centre Code on the first page of the assignment. You must obtain a receipt from the Study Centre for the assignments submitted and retain it. Keep photocopies of the assignments with you.

After evaluation, the assignments have to be returned to you by the Study Centre. Please insist on this and keep a record with you. The marks obtained by you will be sent by the Study Centre to the Student Evaluation Division at IGNOU, New Delhi.

Guidelines for Doing Assignments

There are five questions in each assignment, all carry equal marks. Attempt all the questions in not more than 500 words (each). You will find it useful to keep the following points in mind:

Planning: Read the assignments carefully. Go through the units on which they are based, make some points regarding each question and then rearrange them in a logical order

Organization and Presentation: Be analytical in your selection of the information for your answer. Give adequate attention to the introduction and the conclusion. Make sure that your answer is logical and coherent; has a proper flow of information.

For IGNOU Solved Assignment PDF & Hand Written

Subscribe YOUTUBE : ASSIGNMENT SOLUTION

WhatsApp Contact : 9958676204