Curtate Future Lifetime Random Variable - Life Contingencies - Lecture Notes, Study notes of Mathematical Statistics

Its the important key points of Life Contingencies are: Curtate Future Lifetime Random Variable, Greatest Integer Function, Smallest Integer Function, Nearest Integer, Smallest Integer, Curtate Future Lifetime, Greatest Integer, Future Years Survived, Future Birthdays, Opportunity to Celebrate

Typology: Study notes

2012/2013

Uploaded on 01/11/2013

nooor
nooor 🇮🇳

4.6

(10)

61 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Chapter 3: Survival Distributions and Life Tables
1 of 4
3.4 Curtate Future Lifetime random variable, K(x).
Symbols:
# the greatest integer function
=round # down to the nearest integer
# the smallest integer function
=gives the smallest integer that is not
less than #
=
=
K(x) = the curtate-future-lifetime of (x)
= the greatest integer in T(x)
= number of future years survived by (x) prior to death
= number of future birthdays (x) will have the
opportunity to celebrate
Notation:
)()( xTxK == the greatest integer in T(x).
Example:
1)
( ) 3.5
T x
=
2)
( ) 3
T x
=
Chapter 3: Survival Distributions and Life Tables
2 of 4
Example: Suppose a person was born on Jan 1, 1920 and
passed away on Aug 31, 2000. How old was this person at
death?
T(x):
K(x):
NOTE:
)()()( xTxTxT
<
Thus, K(x) = k k T(x) < k +1, for k = 0, 1, 2, ….
The probability function of K(x):
P(K(x) = k) = P(k T(x) < k + 1)
= P(k < T(x) k + 1)
= k+1qxkqx
= kpxk+1px
= kpx qx+k
= k|qx
pf2

Partial preview of the text

Download Curtate Future Lifetime Random Variable - Life Contingencies - Lecture Notes and more Study notes Mathematical Statistics in PDF only on Docsity!

Chapter 3: Survival Distributions and Life Tables

1 of 4

3.4 Curtate Future Lifetime random variable,

K

x

Symbols:

the greatest integer function =round # down to the nearest integer

the smallest integer function =gives the smallest integer that is not

less than #

   K

x

) = the curtate-future-lifetime of (

x

= the greatest integer in

T

x

= number of future years survived by (

x

) prior to death

= number of future birthdays (

x

) will have the

opportunity to celebrate

Notation:

)

(

)

(

x

T

x

K

=

= the greatest integer in T(

x

Example: 1)

( )

T x

=

( )

3

T x

=

Chapter 3: Survival Distributions and Life Tables

2 of 4

Example

: Suppose a person was born on Jan 1, 1920 and

passed away on Aug 31, 2000. How old was this person atdeath? T(x)

K(x)

NOTE:

) ( ) ( ) ( x T x T x T

<

Thus,

K

x

k

k

T

x

k

, for

k

The probability function of

K

x

P(

K

x

k

) = P(

k

T

x

k

= P(

k

T

x

k

k+

q

x

k

q

x

k

p

x

k+

p

x

k

p

x

q

x

+k

k|

q

x

Docsity.com

Chapter 3: Survival Distributions and Life Tables

3 of 4

Example

If

( )

1

100

x

s x

=

for 0

x

100, what is the probability that

K

= 20 for (18)? Example: Consider DeMoivre’s Law and find the p.m.f. and CDF of K

x

Chapter 3: Survival Distributions and Life Tables

4 of 4

Example

: Consider the CDF

What is the probability that a newborn lives at least 25complete years?

Docsity.com