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)