Life Expectancy an Actuary Wanted to Develop a Model to Predict

question 4

Essay

Life Expectancy
An actuary wanted to develop a model to predict how long individuals will live.After consulting a number of physicians,she collected the age at death (y),the average number of hours of exercise per week (x₁),the cholesterol level (x₂),and the number of points that the individual's blood pressure exceeded the recommended value (x₃).A random sample of 40 individuals was selected.The computer output of the multiple regression model is shown below. THE REGRESSION EQUATION IS y = 55.8 + 1.79x₁− 0.021x₂− 0.061x₃ ​ S = 9.47 ​ R−Sq = 22.5% ANALYSIS OF VARIANCE ​ ​
-{Life Expectancy Narrative} Is there enough evidence at the 5% significance level to infer that the model is useful in predicting length of life?

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Definitions:

Grief

The emotional response to loss.

Adjust

The process of altering or modifying something to better suit a particular purpose or condition.

Living Wills

Legal documents outlining a person's wishes regarding medical treatments and life-support measures in situations where they're unable to communicate their decisions.

Life-Support Measures

Medical interventions that sustain life, especially during critical illnesses or terminal conditions.