Hi,
Please could you explain the difference between the columns labelled P(death in month) and 1/12qx in the solution spreadsheet?
I thought that 1/12qx is the probability of a life aged x dying in the next month, so I'm not sure how that's different to the probability of death in the month?
Thanks
Please could you explain the difference between the columns labelled P(death in month) and 1/12qx in the solution spreadsheet?
I thought that 1/12qx is the probability of a life aged x dying in the next month, so I'm not sure how that's different to the probability of death in the month?
Thanks