The dependent probability of staying in force over the year is calculated as (ap)x = exp-(mu x + mu d ) = 0.973980 Can someone explain to me why this is not equal to 1-[ (aq)x,d +(aq)x, s] = 0.974294 Thanks
Hi, I think you may have made an error here in your calculations. I have (aq)d = 0.001033 and (aq)s = 0.024987... in which case (ap)x = 1 - (aq)d - (aq)s = 0.973980 as required. Let me know if you have any other queries. Thanks Joe
