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06.07.2007 at 03:52PM PDT, ID: 22620625
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8.2

question about mortality tables/Acturial Science

Asked by tobal99z in Probability & Statistics

Tags: , , ,

I am a question about actuarial science. In particular, about mortality tables and the VBT (Valuation Basic Table).

I am trying to understand the structure of the table. I am looking for some symmetry in the table.

I am confused on why the following two probabilities are different:

The chance that someone who is currently 1 year old dies in the period 2 years later.
vs.
The Chance that someone who is currently 2 years old dies in the period 1 year later.

... this is the same time period right? between year 1 and year 2 of life? Shouldn't they have the same probably of death?

Thanks for your help. I really need this answer to progress in a problem I am working on.

The VBT only goes out 25 years for each age right? I need to build a bigger VBT where I can follow the chance of say a 50 year old dying each year until they are 100+.

Thanks a million!
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[+][-]06.07.2007 at 04:04PM PDT, ID: 19238234

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About this solution

Zone: Probability & Statistics
Tags: vbt, mortality, table, acturial
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Solution Provided By: ozo
Participating Experts: 2
Solution Grade: A
 
 
[+][-]06.07.2007 at 04:06PM PDT, ID: 19238248

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[+][-]06.07.2007 at 04:10PM PDT, ID: 19238286

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[+][-]06.07.2007 at 04:18PM PDT, ID: 19238324

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[+][-]06.15.2007 at 02:10PM PDT, ID: 19295415

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[+][-]07.19.2007 at 02:40PM PDT, ID: 19526445

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[+][-]07.24.2007 at 06:55PM PDT, ID: 19561717

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