Question
Stat150 Macquarie University S1 2019 Data from the following study has been used for Questions 6 and 7 Life insurance companies are interested in predicting
Stat150 Macquarie University S1 2019
Data from the following study has been used for Questions 6 and 7
Life insurance companies are interested in predicting how long their customers will live as their premiums and profitability depend on such information. An actuary for an insurance company collects information on 100 recently deceased male clients. The age at death of each client is recorded, as well as the ages at death of his mother and his father, the mean ages at death of his two grandmothers and the mean ages at death of his two grandfathers.
The variables recorded on each client are described below.
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