Probability Tables
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?
https://brainmass.com/statistics/probability/probability-tables-20278
Solution Preview
(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?