Concept explainers
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
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)?
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Calculus and Its Applications (11th Edition)
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