MAS-I Practice Questions - CAS Exam MAS-I Modern Actuarial Statistics I Exam

A lifetime has constant hazard rate 0.02. Which survival function is correct?

S(t) = exp(-0.02 t) S(t) = exp(-0.02 / t) S(t) = 1 - 0.02 t S(t) = 0.02 exp(-0.02 t)

S(t) = exp(-0.02 t)

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