Question

given that `1 = 970, 000, q1 = q2 = 0.02, q4 = 0.0259999, and d3 = 23, 200, find the expected number of survivors at age 5

Answer 1

To find the expected number of survivors at age 5, use the formula: Expected number of survivors at age 5 = 1 * q1 * q2 * q3 * q4 * q5 * ... * qn. Substitute the given values and simplify to get the expected number of survivors.

Step-by-step explanation:

To find the expected number of survivors at age 5, we can use the formula:

Expected number of survivors at age 5 = 1 * q1 * q2 * q3 * q4 * q5 * ... * qn

Given q1 = q2 = 0.02, q4 = 0.0259999, and d3 = 23,200, we can substitute these values into the formula:

Expected number of survivors at age 5 = 970,000 * 0.02 * 0.02 * 0.02 * 0.0259999

Simplifying this expression gives us the expected number of survivors at age 5.