Core Reading says:
The intuitive way of thinking of the force of mortality is in terms of the expected number of deaths in a very large population. The expected number of deaths during a short time interval of length h years in a very large population consisting of n individuals aged exactly x is n*h*mu(x).
Could you please help me to understand what do we mean by h years in the above?
It would be really helpful if you could give me numerical example and interpretation in words of the above equation(N*h*mu(x)).
Thank you in advance.
The intuitive way of thinking of the force of mortality is in terms of the expected number of deaths in a very large population. The expected number of deaths during a short time interval of length h years in a very large population consisting of n individuals aged exactly x is n*h*mu(x).
Could you please help me to understand what do we mean by h years in the above?
It would be really helpful if you could give me numerical example and interpretation in words of the above equation(N*h*mu(x)).
Thank you in advance.