Statistics and probability

Life Expectancy and Income Life expectancy at age 40 B Survival curves for men given income percentile Income measured Gompertz Income measured at age G1 y extrapolation at age a 2 y for for ages for ages NCHS and SSA mortality ages 40 y to 62 y 63 y to 75 y 77 y to 90 y rates for ages >90 y - Men Top 5% . Top 1%: 87.3 years 80 . Bottom 1%: 72.7 60- years Survival Rate, % 14.6 40 Bottom 5% - Women 20 Income percentile . 5th (mean income, $6551) . Top 1%: 88.9 years 4 95th (mean income, $230267) 0- Bottom 1%: 78.8 years 40 60 80 100 120 Age, y 10.1Question 5 (5 points) At age 40, if your annual income is $6,551, what is the probability of surviving to age 80 based on p2 of IncHealth.pptx about 57% about 80% about 20% about 95%