Final answer:
The probability that a person age 80 will die within the following five years is 1/24 or approximately 0.0417.
Step-by-step explanation:
To find the probability that a person age 80 will die within the following five years using the same model as the lifetime of a newborn, we need to consider the cumulative probability distribution function.
Let X be the lifetime of a person measured in years. Since the lifetime is uniformly distributed on the interval (0, 120), the probability density function is f(x) = 1/120 for 0 < x < 120, and 0 elsewhere.
Since we are interested in the probability that a person age 80 will die within the next five years, we can calculate the probability as follows:
P(X <= 85 | X >= 80)
= P(X <= 85) - P(X <= 80)
= 85/120 - 80/120
= 5/120 = 1/24
= 0.0417.