Insurance probability tables, as the one on the attachment, tabulates the average # of American males per 100,000 who will die during various age intervals. E.G., out of 100,000 male babies born alive, 1,527 will die before their first birthday. Answer following w/ table:
a.) What is the probability that a newborn male will reach the age 50?
b.) What is the probability that an American male will reach the age of 70, given that he has just turned 50?
(a). The probability that a newborn male will reach the age of 50 can be calculated as follows:
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<br>The probability that a newborn male will die by the 50th birthday is
<br>(1527+495+927+1901+2105+4502)/100000 = 11457/100000=0.11457.
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<br>The ...
Solution Summary
Insurance probability tables, as the one on the attachment, tabulates the average # of American males per 100,000 who will die during various age intervals. E.G., out of 100,000 male babies born alive, 1,527 will die before their first birthday. Answer following w/ table:
a.) What is the probability that a newborn male will reach the age 50?
b.) What is the probability that an American male will reach the age of 70, given that he has just turned 50?
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