(2) List the advantages and disadvantages of using modeds in actuariod work. A new town is planned in a currently rural area. A moded is to be developed to recommend the number and size of schools required in the new town. The Proposed modelling approach is as follows: I The current age distribution of the population in the area is multiplied by the planned population of the new town to produce an initial population distribution. I current national fertility and mortality rates by age are used to estimate births and deaths. I The births and deaths are applied to the initial population, distribution to generate a Projected distribution of the town's Population by age for each future year, and hence the number of school age children. Cei Dicuss the appropriateness of the proposed modelling approach. (2) List the advantages and disadvantages of using modeds in actuariod work. A new town is planned in a currently rural area. A moded is to be developed to recommend the number and size of schools required in the new town. The Proposed modelling approach is as follows: I The current age distribution of the population in the area is multiplied by the planned population of the new town to produce an initial population distribution. I current national fertility and mortality rates by age are used to estimate births and deaths. I The births and deaths are applied to the initial population, distribution to generate a Projected distribution of the town's Population by age for each future year, and hence the number of school age children. Cei Dicuss the appropriateness of the proposed modelling approach