Question

Life insurance companies are keenly interested in predicting how long their customers will live because their premiums and profitability depend on such numbers. An actuary for one insurance company gathered data from 100 recently deceased male customers. He recorded the age at death of the customer plus the ages at death of his mother and father, the mean ages at death of his grandmothers, and the mean ages at death of his grandfathers.
a. Perform a multiple regression analysis on these data.
b. Is the model valid?
c. Interpret and test the coefficients.
d. Determine the 95% interval of the longevity of a man whose parents lived to the age of 70, whose grandmothers averaged 80 years, and whose grandfathers averaged 75 years.
e. Find the 95% interval of the mean longevity of men whose mothers lived to 75 years, whose fathers lived to 65 years, whose grandmothers averaged 85 years, and whose grandfathers averaged 75 years.



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  • CreatedFebruary 03, 2015
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