To determine premiums, life insurance companies must compute the probable date of death. On the basis of
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To determine premiums, life insurance companies must compute the probable date of death. On the basis of a great deal of research, Mr. Duncan, age 36, is expected to live another 43.21 years. Does this determination mean that Mr. Duncan will live until he is 79.21 years old? If not, what does it mean?
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Not necessarily but it ...View the full answer
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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