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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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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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(a). The probability that a newborn male will reach the age of 50 can be calculated as follows:
<br>
<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.
<br>
<br>The ...

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