The Following Table Is from the Social Security Actuarial Tables

question 19

Short Answer

The following table is from the Social Security Actuarial Tables. For each age, it gives the probability of death within one year, the number living out of an original 100,000, and the additional life expectancy for a person of that age.
Exact Male Female P(Death Number of Life P(Death Number of Life age
$\begin{array}{c}\quad\quad\quad\text { Male } \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Female }\\\begin{array}{|c|c|c|c|c|c|c|}\hline{\text {Exact Age }} & \begin{array}{c}\text { P(Death } \\\text { within one } \\\text { year) }\end{array} & \begin{array}{c}\text { Number of } \\\text { Living }\end{array} & \begin{array}{c}\text { Additional } \\\text { Life } \\\text { Expectancy }\end{array} & \begin{array}{c}\text { P(Death } \\\text { within one } \\\text { year) }\end{array} & \begin{array}{c}\text { Number of } \\\text { Living }\end{array} & \begin{array}{c}\text { Additional } \\\text { Life } \\\text { Expectancy }\end{array} \\\hline 10 & 0.000111 & 99,021 & 65.13 & 0.000105 & 99,217 & 70.22 \\\hline 20 & 0.001287 & 98,451 & 55.46 & 0.000469 & 98,950 & 60.40 \\\hline 30 & 0.001375 & 97,113 & 46.16 & 0.000627 & 98,431 & 50.69 \\\hline 40 & 0.002542 & 95,427 & 36.88 & 0.001498 & 97,513 & 41.11 \\\hline 50 & 0.005696 & 91,853 & 28.09 & 0.003240 & 95,378 & 31.91 \\\hline 60 & 0.012263 & 84,692 & 20.00 & 0.007740 & 90,847 & 23.21 \\\hline 70 & 0.028904 & 70,214 & 12.98 & 0.018938 & 80,583 & 15.45 \\\hline 80 & 0.071687 & 44,272 & 7.43 & 0.049527 & 59,341 & 9.00 \\\hline 90 & 0.188644 & 12,868 & 3.68 & 0.146696 & 24,331 & 4.45 \\\hline\end{array}\end{array}$
To what age may a female of age 60 expect to live on the average?

---

Definitions:

Marshaling Resources

involves organizing, deploying, and managing resources effectively to achieve specific goals or objectives.

Marketing Programs

Coordinated strategies and efforts to promote and sell products or services, including advertising, promotions, sales, and public relations activities.

Franchise Offering

A business arrangement where a franchisor grants a franchisee the right to use its trademark, brand, and business processes to sell goods or services.

Business Format

The structure and model of a business, including aspects like its organization, business plan, and operational methods.