Bharti Singla
Senior Member
Hi all
Please anyone help me with this query:
I am really not getting what is mux ? Is it a probability or a rate?
In ch1, page 6, it is written that mu(x+s) ds is the prob. of dying over very small interval of time and mu(x+s) is the annual rate of transfer between alive and dead at age x+s. What does it mean?
If it is the prob. of dying in next instant, then how it can be annual rate? What is rate actually?
And in the tables, page 81 gives values of mux. What these values actually represent? Like- at age 100, mux is given 0.421777.. what does it mean? 42.18% lives are dying in the next instant or in the next year?
Also, I see in the tables(AM 92):
For ages 17 to 24 and 85 to 120 - qx<mux
And for ages 25 to 84 - qx>mux
Why so?
I know I asked many qus.,
but once I got the definition of mux, I hope all the queries will be resolved.
If anyone can explain, it would be really a great help!
Thanks in advance.
Please anyone help me with this query:
I am really not getting what is mux ? Is it a probability or a rate?
In ch1, page 6, it is written that mu(x+s) ds is the prob. of dying over very small interval of time and mu(x+s) is the annual rate of transfer between alive and dead at age x+s. What does it mean?
If it is the prob. of dying in next instant, then how it can be annual rate? What is rate actually?
And in the tables, page 81 gives values of mux. What these values actually represent? Like- at age 100, mux is given 0.421777.. what does it mean? 42.18% lives are dying in the next instant or in the next year?
Also, I see in the tables(AM 92):
For ages 17 to 24 and 85 to 120 - qx<mux
And for ages 25 to 84 - qx>mux
Why so?
I know I asked many qus.,
If anyone can explain, it would be really a great help!
Thanks in advance.