Math Problem Statement

Problem 12-1 Calculating Life Expectancy [LO12-1] Using Exhibit 12-2, determine the life expectancy of a 95-year-old male.

Note: Round your answer to 1 decimal place.

Solution

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Math Problem Analysis

Mathematical Concepts

Life Expectancy Calculations
Probability
Statistics

Formulas

Life Expectancy = Sum of Remaining Life Years / Population Count

Theorems

Life Expectancy Theorem
Actuarial Life Table Method

Suitable Grade Level

College/University Level (Statistics or Actuarial Studies)