Math Problem Statement
Solution
To solve this problem, let's break down the given information and calculate .
Step 1: Understanding the Data
The table provides the number of lives at each age in a select and ultimate mortality table. The columns represent:
- : Number of lives at the beginning of the age .
- : Number of lives after one year from age .
- : Number of lives two years after age .
From the table:
- For :
Step 2: Mortality Rate Calculation
The problem states that , and we need to calculate .
Calculate :
The mortality rate is given by the probability of death between age 81 and 82 for a life aged 81:
[ q_{[80]+1
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Math Problem Analysis
Mathematical Concepts
Actuarial Science
Mortality Tables
Probability Theory
Formulas
q_{[80]+1} = (l_{[80]} - l_{[80]+1}) / l_{[80]}
q_{[81]+1} = (l_{[81]} - l_{x+2}) / l_{[81]}
Theorems
Mortality Rate Calculation
Suitable Grade Level
University Level (Actuarial Science/Finance)
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