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The following table is from the Social Security Actuarial Tables. For each age, it gives the probability of death within one year, the number of
- The following table is from the Social Security Actuarial Tables. For each age, it gives the probability of death within one year, the number of living out of an original 100,000 and the additional life expectancy for a person of that age. Determine the following using the table:
- To what age may a female of age 60 expected to live on the average? To what age is a male of age 70 expected to live on average?
- How many 60-year old females on average will be living at age 61? How many 70-year old males on average will be living at age 71?
MALES FEMALES
| Age | P(Death within one year) | Number of Living | Life Expectancy | P(Death within one year) | Number of Living | Life Expectancy | |
| 10 | 0.000111 | 99,021 | 65.13 | 0.000105 | 99,217 | 70.22 | |
| 20 | 0.001287 | 98,451 | 55.46 | 0.000469 | 98,950 | 60.40 | |
| 30 | 0.001375 | 97,113 | 46.16 | 0.000627 | 98,431 | 50.69 | |
| 40 | 0.002542 | 95,427 | 36.88 | 0.001498 | 97,513 | 41.11 | |
| 50 | 0.005696 | 91,853 | 28.09 | 0.003240 | 95,378 | 31.91 | |
| 60 | 0.012263 | 84,692 | 20.00 | 0.007740 | 90,847 | 23.21 | |
| 70 | 0.028904 | 70,214 | 12.98 | 0.018938 | 80,583 | 15.45 | |
| 80 | 0.071687 | 44,272 | 7.43 | 0.049527 | 594,31 | 9.00 | |
| 90 | 0.188644 | 12,862 | 3.68 | 0.146696 | 24,331 | 4.45 |
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
