Actuarial science. Use the formula from Exercise 33. a. Suppose the actual mortality rate of group males aged 25 is 0.023 (23 deaths per 1000). What is the future expected mortality rate of this group of males 3, 5, and 10 yr in the future? b. Sketch the graph of the mortality function Q ( t ) for the group in part (a) for 0 ≤ t ≤ 10 . c. What is the ratio of the mortality rate for 25-year-old males 10 yr in the future to that for 25-year-old females 10 yr in the future ( Exercise 33a) ?
Actuarial science. Use the formula from Exercise 33. a. Suppose the actual mortality rate of group males aged 25 is 0.023 (23 deaths per 1000). What is the future expected mortality rate of this group of males 3, 5, and 10 yr in the future? b. Sketch the graph of the mortality function Q ( t ) for the group in part (a) for 0 ≤ t ≤ 10 . c. What is the ratio of the mortality rate for 25-year-old males 10 yr in the future to that for 25-year-old females 10 yr in the future ( Exercise 33a) ?
Solution Summary: The author calculates the future expected mortality rate of the male age group of 25 in 3, 5 and 10 years.
Actuarial science. Use the formula from Exercise 33.
a. Suppose the actual mortality rate of group males aged 25 is 0.023 (23 deaths per 1000). What is the future expected mortality rate of this group of males 3, 5, and 10 yr in the future?
b. Sketch the graph of the mortality function
Q
(
t
)
for the group in part (a) for
0
≤
t
≤
10
.
c. What is the ratio of the mortality rate for 25-year-old males 10 yr in the future to that for 25-year-old females 10 yr in the future (Exercise 33a)?
Elementary Statistics: Picturing the World (7th Edition)
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