Use the Table to Answer the Following Question In the Accompanying Life Table of a Hypothetical Population, What

question 56

Multiple Choice

Use the table to answer the following question.
$$\begin{array} { | c | c | c | } \hline \text { Age (years) } \mathbf { x } & \text { Number alive at start of year } \mathbf { n } _ { \mathbf { x } } & \mathbf { l } _ { \mathbf { x } } \\\hline 1 & 100 & 1.0 \\\hline 2 & 50 & 0.5 \\\hline 3 & 50 & \boldsymbol { y } \\\hline 4 & 10 & \boldsymbol { z } \\\hline\end{array}$$
In the accompanying life table of a hypothetical population, what are the missing values for lₓ (y and z) ? lₓ = the proportion alive at the start of year (age specific survivorship rate) .

• A) y = 0.5, z = 0.5
• B) y = 1.0, z = 0.5
• C) y = 0.5, z = 0.1
• D) y = 1.0, z = 0.2

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Definitions:

Rate Of Inflation

The pace at which the general level of prices for goods and services is rising, eroding purchasing power.

Macroeconomics

The branch of economics that studies overall economic factors, such as national productivity, total national income, and the overall levels of prices and employment.

Post Hoc, Ergo Propter Hoc

Literally, “after this (in time), therefore because of this.” A common error made in thinking about causation: If Event A happens before Event B, it is not necessarily true that A caused B.

Fallacy

A flawed argument that uses poor reasoning or misrepresents evidence, often leading to incorrect conclusions.