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On the Treatment of Incomplete Years of Exposure in a Mortality Experience derived from Records of Assured Lives
Published online by Cambridge University Press: 18 August 2016
Abstract
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- Actuarial Note
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- Copyright
- Copyright © Institute and Faculty of Actuaries 1895
References
page 306 note * This may be shown as follows:
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whre the second fraction is > = <1 as X < = > Y, i.e., as < = > 1.
page 306 note †
This will appear from a consideration of the fact that is (1−k) times the average value of μ between the limits k and 1, while (1−k)
is (1−k) times the average value between the points 0 and 1. If μ is never decreasing the first average value can never be less than the second.
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