M
mj94
Member
What is seemingly a straightforward question has been driving me crazy for a good while now..
Calculate 2.5q75.75 using the method of Uniform Distribution of Deaths.
Basis: Mortality PMA92C20
I understand the method used in the mark scheme but I used the method of interpolating lx values (which I have previously used for other questions) as follows:
2.5q75.75 = 1 - (0.25p75.75 * 2p76 * 0.25p78)
=1*(l76/l75.5)*(l78/l76)*(l78.25/l78)
Simplifying gives:
=1-(l78.25/l75.25)
using the above mortality basis and interpolating:
l78.25 = 0.25*l79 +0.75*l78 = 0.25*7298.223 + 0.75*7615.818 = 7536.41925
l75.25 = 0.25*8168.798 +0.75*8405.160 = 8346.0695
Therefore:
2.5q75.75 = 1 - (7536.51295/8346.0695) = 0.097 as opposed to 0.08404 in the answers?
I'm not sure what it is that I'm missing? Probably something simple but any help will be much appreciated!
Calculate 2.5q75.75 using the method of Uniform Distribution of Deaths.
Basis: Mortality PMA92C20
I understand the method used in the mark scheme but I used the method of interpolating lx values (which I have previously used for other questions) as follows:
2.5q75.75 = 1 - (0.25p75.75 * 2p76 * 0.25p78)
=1*(l76/l75.5)*(l78/l76)*(l78.25/l78)
Simplifying gives:
=1-(l78.25/l75.25)
using the above mortality basis and interpolating:
l78.25 = 0.25*l79 +0.75*l78 = 0.25*7298.223 + 0.75*7615.818 = 7536.41925
l75.25 = 0.25*8168.798 +0.75*8405.160 = 8346.0695
Therefore:
2.5q75.75 = 1 - (7536.51295/8346.0695) = 0.097 as opposed to 0.08404 in the answers?
I'm not sure what it is that I'm missing? Probably something simple but any help will be much appreciated!