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CT4- Ch7

Bharti Singla

Senior Member
Hi all
Chapter-7, page5
Can someone please explain why it is written that qx and tqx are the rates of mortality ?
As far as I know, these are the probabilities, not rates! Anyone please help me to understand - What's the difference between a probability and a rate and whether tqx is a rate or a probability?

Thanks in advace.
 
Hi all
Chapter-7, page5
Can someone please explain why it is written that qx and tqx are the rates of mortality ?
As far as I know, these are the probabilities, not rates! Anyone please help me to understand - What's the difference between a probability and a rate and whether tqx is a rate or a probability?

Thanks in advace.

You might want to refer to this:

https://www.soa.org/library/newslet...april/act-1981-vol15-iss04-elandt-johnson.pdf

It seems that the two words are sometimes used synonymously.

Hope this helps!

Regards,
Shyam
 
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